.. acquire forex risk, and then exposure to US bond risk and not a great interest rate there.
It is admittely likely to push the pound down through the futures mechanism, but that may not be a bad thing. See Denmark: http://uk.reuters.com/article/2012/07/05/denmark-rates-idUKL6E8I5A8520120705 and more generally http://ftalphaville.ft.com/tag/negative-interest-rates/
(This sort of thing tends to upset readers of the Telegraph and Zero Hedge, which is another point in its favour)
no subject
It is admittely likely to push the pound down through the futures mechanism, but that may not be a bad thing. See Denmark: http://uk.reuters.com/article/2012/07/05/denmark-rates-idUKL6E8I5A8520120705 and more generally http://ftalphaville.ft.com/tag/negative-interest-rates/
(This sort of thing tends to upset readers of the Telegraph and Zero Hedge, which is another point in its favour)