Managers warned unhedged global bonds could see 'huge losses' if sterling rebounds
Pound hovering over $1.23 region amid Brexit fears
The pound had fallen around 16% since the EU referendum in 2016
UK investors have been warned global bond funds that do not hedge their holdings back into sterling are exposing themselves to potential huge losses in the event sterling bounces back from its current lows, with many investment professionals agreeing the currency is undervalued.
Having fallen around 16% since the EU referendum in 2016, the pound has been hovering around lows of $1.23 to $1.25 over the last couple of months amid Brexit fears. However, industry experts have warned...
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