Why EUR Is Not A ‘Surrogate’ For Bearish GBP Trades? – Morgan Stanley
June 29, 2016 at 08:53 AM EDT
A world being long EUR-denominated assets on an FX-unhedged basis would see EUR selling aggressively lower. However, currency hedging has been the name of the game for existing and new EUR-denominated positions of non EUR-based investors since 2014.
