GBP investments

This is an investment question rather than taxes, but this seems to be the most appropriate forum for it.
I'm a UK/US dual citizen and I'm going to be moving back to the UK in the next couple of years. As the
GBP/US$ exchange rate is jumping around and the US deficit is worrying me I want to start moving
some funds regularly into GBP denominated investments. Has anyone done this? What's the best way to
approach this. I'm looking at UK offshore fund managers in Isle of Man and Channel Islands
and banks like Bank of Scotland International, Barclays etc. Any advice/experience appreciated.

I don't know why you haven't gotten any replies to this.  Maybe the question is over my head, but anyway, all we are doing is moving dollars to a current account in the UK, then purchasing UK instruments on which the interest is tax-free, such as post office savings accounts.  All simple and legitimate.

Gains on those offshore accounts would still be taxable under US rules, wouldn't they?

Jim

I dont do any investing in the UK or the US at the moment but would like to do so in the months ahead.

On the Offshore account front, my husband and I use Lloyds TSB Offshore on the Isle of Man - we have a linked Pounds Sterling / US Dollar account. Deposit dollars into US Dollar account, do internal transfer from USD to GBP account (takes 24 hours, can do it 24 hours a day, best interest rates, no transfer fee, no commission on exchange rates), and voila - UK "based" account filled with cash We've been with Lloyds TSB since August now and love them to bits. Always helpful, lowest minimum balance requirement of all the offshore providers, and also the lowest yearly fee.

I do believe that have some excellent investment options as well. I get their regular newsletter called Shoreline and its always packed with great information for investers. Actually I was eyeing up some of the special bond rates they detailed in their last issue. Their site has some great information.

HTH
Sarah

I dont do any investing in the UK or the US at the moment but would like to do so in the months ahead.

On the Offshore account front, my husband and I use Lloyds TSB Offshore on the Isle of Man - we have a linked Pounds Sterling / US Dollar account. Deposit dollars into US Dollar account, do internal transfer from USD to GBP account (takes 24 hours, can do it 24 hours a day, best interest rates, no transfer fee, no commission on exchange rates), and voila - UK "based" account filled with cash We've been with Lloyds TSB since August now and love them to bits. Always helpful, lowest minimum balance requirement of all the offshore providers, and also the lowest yearly fee.

I do believe that have some excellent investment options as well. I get their regular newsletter called Shoreline and its always packed with great information for investers. Actually I was eyeing up some of the special bond rates they detailed in their last issue. Their site has some great information.

HTH
Sarah

Thanks Sarah, I'm looking at Lloyds, Bank of Scotland/Halifax and HSBC, althought HSBC haven't been very helpful yet.
It looks like I won't be able to purchase offshore funds and the banks are not lisenced to sell such products to US residents.
Has anyonelse seen run into this. Can you buy directly from funds like Invesco Offshore?