It just makes it that much more difficult to make a profit. We need the share price to increase even more than someone in the US would to make a nice profit.
If a deal gets announced the pound will get even stronger as well I’m assuming.
Maybe when Biden is actually in the certainty might make the dollar stronger? COVID is also way out of control so could this affect the sentiment?
Couple that with the US stimulus plan of a free 600 for people (which a lot of people really need obviously), does this weaken the dollar further? That being said, everyone is printing money right now
Just hedge it if you don’t want the volatility, your portfolio should have a hedge of currencies if you aren’t in your functional currency. Most hedge funds have it in their risk disclosures that they will allocate part of their portfolios to fx mitigation.