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Foreign Exchange

FX news: Top of this week’s playlist – back to parity

Louis Bacon’s latest investor letter, warning of “the potential breakdown of the European Monetary Union”, was all over the wires on Wednesday.

We don’t know the musical taste of Moore Capital’s boss but, being born in 1956 it isn’t inconceivable that he has a version of Soul II Soul’s 1989 hit Back to reality on his iPod.

Back to par, back to parity
Back to par, back to parity
Back to par, back to parity
Back to the yours and mine, yeah
Show me how, to get short of it
Tell me how and I’ll sell some for you

However we can short it
However can we sell it
However we can short it
However can we sell it
However we can short it
However can we sell it

Back to par, back to the former time
Back from a fantasy Yeah
Sell some now, take the initiative
I’ll leave it in your hands until you’re ready oh

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