Currency risk can as well be positive as negative.
3 years ago you had to pay 1,500 US-$ (USD) to get 1,000 British Pound (GBP)
Selling those 1000£ would have given you around 1750$, a 16% gain.
However, if you kept those foreign currency untill today your return will be only 1440$ or a 4% loss.
Timing on dealing foreign currency is very important but very hard to do.
On average there is a 7% gap to be counted for. So your investment in GBP has to return at least 7% better than a USD one over a longer period.
In the same way one has to keep in mind the balance between dollars and euro's.
Since early 2016 it looks like being a good period to invest in euro's
One has to take care that the expected return in euro has on average to be at least 8% better than a $-one
Both currencies can be followed on https://www.google.com/finance or on http://finance.yahoo.com/q?s=eurusd=x
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