Today Goldman Sachs came out and estimated that a Brexit could result in a 20% depreciation of the British Pound. I don't know how they calculated this, but it did make me think in any case.
Has anyone considered how to manage risk against a depreciating GBP, other than shorting it in spot forex or buying GBP put options? The reason I am hesitant on those possibilities is because the carrying costs for 6-18 months might be quite a bit.
I am specifically talking about hedging the downside of GBP-denominated assets, rather than for speculation or trading.
I'd be interesting in views that T2W members might have.
Thanks in advance,
George
Has anyone considered how to manage risk against a depreciating GBP, other than shorting it in spot forex or buying GBP put options? The reason I am hesitant on those possibilities is because the carrying costs for 6-18 months might be quite a bit.
I am specifically talking about hedging the downside of GBP-denominated assets, rather than for speculation or trading.
I'd be interesting in views that T2W members might have.
Thanks in advance,
George
Managing Brexit risk
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