Rogers: ‘The UK is finished’

So it’s time to sell the British peso, according to Jim Rogers, chairman of Singapore-based Rogers Holding. As sterling dropped to a record low of 127.44 against the yen and the weakest level since 2002 against the dollar (1.4133) on Monday night - on concerns the government will have to rescue more banks amid the worst recession since World War II - Rogers, investment guru and co-founder of the Quantum Fund with George Soros, told investors: 'I would urge you to sell any sterling you might have.'