2022/23 convinced me that fairytales only happen when I trade emerging markets FX, other than the Lizzie/Rishi’s sterling bungee jump last September. But then Britain is now an EM for the first time since the Yorkist Edward IV defaulted on his loans to his Lombard bankers during the Wars of the Roses. I know EM FX also wins the gold medals in nightmares, as any investor in the Lebanese pound, the Turkish lira, the Pakistani rupee, Russian ruble, South African rand and Nigerian naira will tearfully attest. Yet the trick is to embrace the good, hedge the bad and avoid the ugly in the EM FX Premier League and ensure that Dirty Harry never sends his angelic (Ferishta) boys to offer you a software update.
Recent Posts
Categories
Investor's Notebook
Smart people from around the world share their thoughts
Read more >The Macro View
Recent financial news and how it connects across all asset classes
Read more >Technology
Fintech, proptech and what it all means
Read more >Uncorked
A sideways look at the world of wine
Read more >The Architect
Some of the profession's best minds
Read more >Residential Investor
Making money from residential property investment
Read more >The Professor
Analysis and opinion from the academic sphere
Read more >Face to Face
In-depth interviews with leading figures in the real estate/investment world.
Read more >The Headhunter
Recruitment and career moves
Read more >The Analyst
Investment themes and trends
Read more >The Historian
A look back at previous cycles, events, characters
Read more >The Economist
Money, rates and prices
Read more >Political Insider
The inside scoop on Washington, Westminster and Whitehall
Read more >The Agent
Reflections on estate agency, today and in past times
Read more >Alternative assets
Investing in tangible assets
Read more >