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 believe marsbar has an account with LLyods offshore and likes it.  I think the fee is £50-75 a year but i think you get management advice etc. with it.

We are currently just putting ££ into an ING account at 5% but will be starting to broaden our investments once some more bills are paid.

(And mods, here is another post for my requested 'Finance' Forum!!!!!)