RE:RE:RE:Fx Hedgingsunshine7 wrote: Much of cxr debt is denominated in be pounds. A devalued pound is beneficial in that regard is it not?
Their interest payments in pounds are less than their revenue in pounds, so a devalued pound is net detrimental.
However, nobody knows long-term how any currency will trade. Anyone who thinks they can forecast this is deluding themselves. You just need to understand that owning CXR gives you some exposure to GBP and some US$. Within a diversified portfolio, thats not a bad exposure to have.