Hi There,
Im very new to all this and was hoping someone could help me?
I am looking to move to the US in about 12 months and am pretty bearish on cable so i was thinking i should hedge my current cash position, assuming i had 50,000 in GBP would i just need to sell 50,000 against the USD to do this effectivley? I know i could open a USD account but i would rather keep in GBP untill im 100% on the move.
I was also wondering if anyone has bought crude oil as a hedge agaist the cost of petrol? i know the prices aren't totally correlated but has anyone done this to offset their motoring cost and if so can anyone reccomend an easy way of working out how you might do this?
Many thanks,
Bob
Im very new to all this and was hoping someone could help me?
I am looking to move to the US in about 12 months and am pretty bearish on cable so i was thinking i should hedge my current cash position, assuming i had 50,000 in GBP would i just need to sell 50,000 against the USD to do this effectivley? I know i could open a USD account but i would rather keep in GBP untill im 100% on the move.
I was also wondering if anyone has bought crude oil as a hedge agaist the cost of petrol? i know the prices aren't totally correlated but has anyone done this to offset their motoring cost and if so can anyone reccomend an easy way of working out how you might do this?
Many thanks,
Bob
