Wealth managers consider removing sterling hedges
Yen and euro stronger
Wealth managers are debating scrapping the sterling hedges on their European equity portfolios, as the last six months have seen the euro strengthening around 9% against the pound with further room to run.
At its lowest point in July 2015, the euro was trading at €1.44 per pound, compared to €1.27 last week. Sterling has fallen as concerns grow about headwinds for the UK economy, including the upcoming...
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