There are three key features of today’s market, Simmonds said. First, the liquidity-drenched happy days are over. With liquidity constraints, currencies with high external funding requirements are more volatile. “If you haven’t saved well or acted prudently then at some point you will suffer.”
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The panel discuss the macro picture. From left, Paul Bednarczyk, Luca Bindelli, David Simmonds, Simon Derrick and Rich Mahoney |
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