Related: exchange rate risk
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The potential for a shift in exchange rates, which would be detrimental to a trader's position. Chicago Mercantile Exchange Glossary
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The potential for losses arising from adverse moves in exchange rates.
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currency risk UK US noun [C or U] (also foreign currency risk)
► FINANCE the risk that an investment in a foreign currency or exports to a foreign country might lose value if the currency of that country loses its value: »
Because the fund is denominated in sterling, there's no currency risk.
Financial and business terms. 2012.