It’s good when simple questions are answered in terms that even thickies like me can understand. Recently, I have been slavishly following EUR/GBP because, more by luck than judgement, I am long of a euro-denominated asset and I have started wondering if I can – in a phrase so often heard wheeled out over the past few years – release some alpha through FX. It seems the prospects of EUR/GBP reaching parity change daily, so I have been struck by a bad case of dithering: Should I hedge or not?
David Simmonds, head of FX strategy and research at RBS, is one person who thinks parity will not be reached.
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