Discussion about the merits of investing in UK ADRshttp://discuss.morningstar.com/NewSocialize/blogs/groundhog/atom.aspxCommunity Server2008-06-15T14:12:01Z/NewSocialize/blogs/groundhog/archive/2008/06/15/Barclays-and-RBS.aspx2008-06-15T19:12:02Z2008-06-15T19:12:02ZWe are looking at investing in Barclays and/or RBS ADRs.&nbsp; We believe strongly in the past and future performance of both, particularly since RBS has done their Rights Issue and Barclays will either follow suite or do a private placement to shore up its capital reserve.&nbsp; Our fear is that in investing in either, we&#39;re also betting on the exchange rate -- dollar to pound.&nbsp; Our sense is that the pound is likely at a peak against the dollar, particularly as interest rates increase here.&nbsp; Any views would be welcome.&nbsp; Groundhog<div style="clear:both;"></div><img src="http://discuss.morningstar.com/NewSocialize/aggbug.aspx?PostID=2528756" width="1" height="1">Groundhoghttp://discuss.morningstar.com/NewSocialize/members/Groundhog/default.aspx