Corporates caught out by Brexit and aftermath

Firms, especially new multinationals, are encouraged to bring in FX exposure talks at the due diligence stage

Knock-on effects: "It is really not something that can be swept under the rug any more" – Amol Dhargalkar

The sharp move in sterling and its subsequent depreciation after Britain's vote to leave the European Union caught corporate treasuries by surprise, as hedging programmes performed poorly, and some failed to anticipate the magnitude of the move, a survey of corporate treasurers shows.

The findings of Chatham Financial's survey of 275 middle-market treasury executives show only 28% of companies hedging their FX exposures actually meet all of the intended goals of their hedging programmes, despite

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: