Dod101 wrote:I hate to say it but it is what appears in my bank that matters to me and translating USDollars to sterling will have the same effect whether it is done in the books of Diageo or externally.
I understand Diageo’s point though and wonder why Unilever does not do the same. Most emerging market currencies are linked to the US Dollar.
Dod
I'm taking the view that Sterling will, long term, deteriorate versus the US Dollar. On conversion, the dividend will translate favourably.