Publications

"FX Markets Update" Posts

2023 Year-End Currency Hedging: Navigating FX Fluctuations During the Holiday Season
December 1, 2023
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Michael Buck
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Download PDF As the holiday season comes into swing, attention may shift away from managing foreign exchange exposures. Still, our analysis shows that this period of the year should be treated with the same vigilance as any other period. In this research piece, GPS delves into an analysis of the most actively traded currency pairs, […]
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Hedging Strategies for GBP: What’s been effective in the past year?
November 22, 2023
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Michael Buck
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Download PDF As the GBP/USD spot rate currently sits at the midpoint of its 12-month range, many corporate treasurers are searching for the best way to hedge their currency exposures. This article analyzes the performance of various hedging strategies over the last year. To facilitate an accurate comparison, we’ve adopted a standardized approach: the corporate […]
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Case Study | How GPS Helped a UK Fashion Retailer Thrive
November 21, 2023
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Romy Humphries
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Download PDF In this insightful interview, we delved into a client case study with Paul, Head of Treasury and Investor Relations at a prominent fashion retailer based in the UK. With a turnover of approximately £900 million per year, this company operates in the competitive world of fashion. Join us as we explore Paul’s experiences […]
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Hedging Strategies for EUR: What’s been effective in the past year?
November 14, 2023
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Michael Buck
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Download PDF In the past 12 months, marked by an initial increase and then a stable phase in the EUR/USD exchange rate, numerous corporate treasurers have been exploring optimal methods to safeguard against currency risk. This article examines how different hedging tactics have fared over this period. For a fair evaluation, a uniform method has […]
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Hedging Strategies for AUD: What’s been effective in the past year?
November 9, 2023
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Michael Buck
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Download PDF The last 12 months, characterized by sharp moves followed by a range-bound period in the AUD/USD, have left many corporate treasurers searching for the best way to hedge their currency exposures. This article analyzes the performance of various hedging strategies over the last year. To facilitate an accurate comparison, we’ve adopted a standardized […]
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FX Markets Update: November 2023
November 6, 2023
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Romy Humphries
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  Download PDF Subscribe to GPS’ Monthly Market Brief ANALYSIS BY REGION Euro-Area The European Central Bank left all three key policy rates unchanged at the October 26 meeting, leaving the deposit rate at 4%. The message after this meeting was clear, and no more hikes are expected. Various gauges show that underlying price pressures […]
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Market Update | October 2023
October 3, 2023
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Simon Walker
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September brought forth intriguing dynamics to the currency market: Can the Euro Bull resist a stronger dollar and high US yields? Will the BOE’s pause trigger a fresh assault on the year-low? EUR/GBP – which will be the survivor of the weakest? To gain deeper insights into these questions and more, read our full analysis.
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Market Update | August 2023
September 5, 2023
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Simon Walker
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Central banks like the Federal Reserve (Fed), Bank of England (BoE), and European Central Bank (ECB) are all signaling higher interest rates, with an emphasis on longer-term rate increases. This trend has been driven by rising US treasury yields and disappointing economic data from China, which have impacted currency markets. Additionally, forward-looking ISM Surveys in […]
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