Currency exposure has been the main driver of gains for many UK investors this year, but managers are now turning their attention to hedging strategies as they predict further volatility in the FX market, while some are becoming more bullish on sterling.
This year has seen the pound plummet to a 31-year low after the UK voted for Brexit on 23 June, trading 15% lower against the US dollar year-to-date at $1.2521 and down 13% against the euro at €1.1795...
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In June 2016, immediately before the Brexit referendum, a curious thing happened.