‘FX markets are unreadable’

REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS

Background: UK corporates are required to report how they hedge against adverse currency movements, and such hedging will affect their profit margins. Deciding when to instruct a forward contract is often seen as an unnecessary evil by UK companies.

Trying to second-guess the FX market is a folly indulged in by most financial directors, and understanding fundamental and technical data is just the first obstacle to overcome. This is of major concern to many corporate clients – FX markets are

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