The pound is about 20 percent too strong against the dollar, even after falling more than 10 percent this year

—International Foreign Exchange Concepts Inc., the world’s biggest currency hedge-fund company.

There is no relief out there. A part of the government is giving up hope of this economy doing better in the next couple of years. That tells us a lot.

—Hans- Guenter Redeker, the London-based global head of currency strategy at BNP Paribas SA, on Chancellor of the Exchequer Alistair Darling

The past weeks and months you have clearly seen the deterioration in growth in the U.K. The pound still looks expensive.

—Andrew Balls, EVP and member of the investment committee of PIMCO (+$800b aum)