Currency fluctuations: Take the hedge off?
Many Happy Returns
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Sterling Rallyed Against the Dollar
The pound went from ye five to one, all the way down till where we are now. It's kind of been a steady drift down over that time. And if you look at the value of sterling versus the dollar right now, it actually looks undervalued based on purchasing power parity. I wouldn't be surprised if stirling did rally a lot versus the dollar, even if don't have a strong recovery.
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