Unhedged corporates gambling amid heightened political risks
“These kinds of things, the market has no experience in trading them,” says Jeremy Cook of UK-based World First
Corporates that remain unhedged are taking a gamble with the business as markets are inexperienced in trading the kinds of political risks that are set to heighten before the year ends, suggests Jeremy Cook, chief economist and head of currency strategy at World First, a UK-based foreign exchange company.
"The main risk is democracy. Markets are having to relearn how to price political risks in an environment that is anti-status quo. The market has been stung by political risks and will continue
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