Brexit and the role of currencies from a UK perspective
As a UKian, something odd is happening to our portfolio post Brexit vote.
Being well diversified internationally (US only investors please note), the value of our international holdings have increased when recorded in £Sterling. The result is apparent portfolio gains,unlike the US situation.
We are therefore obliged to sell down to a degree those international holdings, to rebalance!
Yes, we are worse off in absolute terms with the £Sterling currency depreciation.
But that is not showing up on our spreadsheet!
Does anyone have any idea on any other way this anomaly might be tackled ?
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