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FOREIGN EXCHANGE

Perspective on the poll

It's good to see that FX players still have a sense of humour. An amusing email, sent by a customer of one of the market's leading banks, has found its way to me. In it, the client explains his vote in this year's FX poll.


"Know management are keen for feedback on Euromoney voting.

"Last year was a tumultuous one in the markets with unprecedented volatility. Many of our counterparties have taken large losses on unrelated businesses

"In light of recent results we have been forced to make cutbacks across the board. These cutbacks are as painful to make as I am sure they feel

"This year's numbers will be 50 percent down on last year's. Additionally we shall only be voting for 15 percent of the numbers this month with the rest deferred over three years. In the event of redundancy the votes will be pro rated

"Sure your management will understand!"
I'd wager that it won't.

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