Currency fluctuation effect?6 Mar 2014 08:37
I was listening to Wake up to Money early am on Radio 4 and their guest fund manager was talking about how the strong pound is having a detrimental effect on profits of companies who rely on a large proportion of their business in Asia. Something to do with being paid in Asian currencies and then having to convert back into Sterling. As an investor it made me wonder if it will have an impact on Prudentials profits too? I'd appreciate any knowledgable opinions