Post by
COGT on Jun 24, 2016 11:53am
Do you think
CXR have done Nothing to hedge currency ? I can't believe that they have sat on their hands and not done Anything proactive to mitigate to protect their bottom line
Comment by
adamchess on Jun 24, 2016 12:18pm
CXR say that their business is naturally hedged by having significant debt in GBP. Hedging costs money too. Apparently, some folks took their hedging off prematurely yesterday in anticipation of Remain vote winning.