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    • Profile photo of John Moffat says

      Mike does not teach P4!! :-)

      The currency of the profit or loss on the future is always the opposite currency to that in which the contract size is quoted in.

      So……if we are looking at £/$ futures, then if the contract size is quoted in £’s then the profit/loss will be in $’s. If the contract size was quoted in $’s then the profit/loss would be in £’s.

      (And I guess you are happy with the fact that if the profit/loss is not in our own currency then we need to convert it at spot on that date)

      • Profile photo of questforknowledge says

        thank you John and excuse me i meant to write John and not Mike. Just that i have been used to asking questions to mike to. That is quite easy to remember in the exam hall

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