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Reuters Annual Report 1998: Operating and financial review: Cautionary statements: Impact of currency movements

Impact of currency movements

Reuters receives revenue and incurs expenses in more than 60 currencies and is thereby exposed to the impact of fluctuations in currency rates. Sterling’s strength in the first three quarters of 1998 has restricted revenue and earnings growth. A resumption of sterling’s strength could further restrict reported revenue and earnings in 1999. Reuters currency exposure is actively hedged. See additional information concerning currency fluctuations.

  

 

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