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The FX forecast indicates that the value of British Pound will fall vis--vis the US dollar over the next three months. You are considering investing
The FX forecast indicates that the value of British Pound will fall vis--vis the US dollar over the next three months. You are considering investing for three months in a dually listed stock on the NYSE as well as the LSE. Since it is the same stock, the risk-return profile is identical except for the fact that it is listed for trade in different jurisdictions with different currencies. Assuming you are a British citizen, where should you purchase the stock Britain or the United States? Provide suitable arguments for your decision.
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