Weak Dollar, Buy Buy Buy! – Currency Risk & Investing
The pound has been strengthening recently against the US dollar. Or, more accurately, the dollar has been weakening and losing value against most other major currencies, struggling throughout the second half of 2020 and into 2021.
A continued slide could put British investors in hot water – but also opens up opportunities.
But what’s going on? As the world recovers from the shock of Covid, investors are now putting on a brave face and seeking riskier investments away from the safety-blanket of the US dollar. This has weakened the dollar – a good thing for Brits buying American stocks, which now cost fewer pounds to buy.
In this video we’ll be looking at how currency risk has a big impact on your portfolio, what makes a currency get stronger or weaker, and where we see the dollar and the pound going from here.
And we’ll look at what you can do to protect your investments. Let’s check it out!
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T&Cs: These videos are provided for information and entertainment purposes only. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this video may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.