Hi Everyone,
I was wondering if someone could suggest a smart way to hedge EUR currency risk against GBP as the base currency.
Imagine a steady income of 2000 Euros per month... what would be the best way to cover yourself for currency fluctuations if your base currency was GBP?
I guess you could sell 0.2 EURGBP lots on a mini account every month in the Spot FX market, is there another more economical way, perhaps using options or futures (I must confess I don't know much about options or futures).
I see there is a very very modest swop paid on short positions too.
If anyone has any insights they could share I'd appreciate it.
Many thanks!
I was wondering if someone could suggest a smart way to hedge EUR currency risk against GBP as the base currency.
Imagine a steady income of 2000 Euros per month... what would be the best way to cover yourself for currency fluctuations if your base currency was GBP?
I guess you could sell 0.2 EURGBP lots on a mini account every month in the Spot FX market, is there another more economical way, perhaps using options or futures (I must confess I don't know much about options or futures).
I see there is a very very modest swop paid on short positions too.
If anyone has any insights they could share I'd appreciate it.
Many thanks!