NoobQueries212
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Does currency exchange count as profit even if not trading FX?
If I were to make an overall loss trading equities using dollars converted from pounds, but have my account equity withdrawn & converted back to pounds & ending back in the green (due to the pound weakening against the dollar, especially due to recent events), would I have to pay taxes on this profit even if I wasn’t speculating on GBPUSD, & only intended to convert my money? Thank you