Being right or wrong doesn’t matter as long as your portfolio is able to generate positive cash flows as per George Soros.
But this time the billionaire and legendary investor went wrong, whose 1992 flutter against the British currency made hedge fund history, has not repeated the history, the bet ahead of sterling’s record tumble on Friday went in vein.
Whereas, FxWirePro had consistently been anticipating and advocating hedging bearish risks of the sterling crosses.
Below are a few samples where we’ve advised to stay short in GBPUSD, the importers and exporters in the long-term who have deployed these hedging strategies, by now they would have saved in the steep tumble of GBPUSD trend.
Please follow the below link for our previous articles:
For now, although some momentary gains are expected, it wouldn’t be deemed them as long opportunities but a speculation.
We would still foresee some more weakness leftover in this pair as a result post-referendum effects, even though outcomes are out, it takes minimum 1 year to settle down the formalities before actual exit takes place.
As a result, we recommend a GBP/USD 1-3M risk reversals that signify more bearish risks in this pair i/o 1Y as a generic hedge for Brexit risk and stay calm with bearish hedging vehicles as advocated before.
The ideal entry point is not ideal given the near doubling of the risk reversal since early October, but the bias is for further widening of the skew in slightly OTM strikes on persistent-bleed demand for post event protection.


David Schwartz to Reveal XRP Ledger Future at Ripple Swell 2026
Bitcoin Rebounds to $82K as Trump Eases Iran War Fears
Stock Futures Dip as Investors Await Key Payrolls Data
Cardano Price Drops 14% as ADA Funding Rate Hits Four-Month Low
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Ledger Investigates Alleged $86 Million Crypto Wallet Theft
Solana Targets 200ms Block Time in Major Network Upgrade
China’s Growth Faces Structural Challenges Amid Doubts Over Data
DWF Labs Sues BitGo for $114 Million Over Alleged Token Sales Breach
XRP Whale Activity Drops 27% in Eight Days Amid Market Sell-Off
China's Refining Industry Faces Major Shakeup Amid Challenges
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Ethereum Price Drops Below $2,600 as Long Liquidations Hit 4-Month High
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential




