The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Cable: Looking forward to 2012

For the moment, Locog’s faith in the medium-to long-term equilibrium rate for cable being around 1.60 is starting to look justified.

I won’t get all chauvinistic but as a UK citizen I have to say I enjoyed watching the Olympics. Team UK’s 19-gold-medal haul is a far cry from the days when our Olympians came back with something like a solitary bronze in clay-pigeon shooting. As most of you will have seen, the cycling team contributed significantly, reinforcing my claim that cycling is the new golf. Much has been made about how other sports can learn from the way the cyclists were prepared and supported in the long run-up to the Games. And it also might  have lessons for an industry such as FX – it’s not hard to form a cohesive team from individuals.

Sticking with cycling for a brief moment, me and the City Winkers – a group of muckers made up predominantly of senior option traders – actually took part in a race with Chris Hoy. For those of you who didn’t see, soon-to-be Sir Chris won three gold medals in sprint events on the cycling track. Back in 2006, he rode the L’Etape du Tour, a 160 km “jaunt” up and down some rather large mountains in France. I’m not bragging but let’s just say he finished some considerable way behind most of us.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree