Nasdaq ETF

I’m a UK investor and i want to add a position on Invesco EQQQ NASDAQ-100 which is the GBP hedged.

Question is what happens when USD weakens, am i losing out here? When the fund goes to roll the hedge it has to be remarked…and the MTM loss i presume hits the investors? any of you know how this all works?

It the ETF is hedged back to GBP then currency movements won’t change returns. If it was unhedged, then you’d have to account for GBP:USD.