The Corporate Hedging Monitor Q4 2025

Q4 2025 marked a clear shift back towards defensive FX management.

For many corporates, staying under-hedged is becoming harder to ignore, with 80% reporting losses from unhedged FX exposure.

Explore the key insights in this quarter’s FX report:

• The external factors most influential in strategic FX decision-making
• The real cost of unhedged FX exposure across the UK and US
• How corporates plan to adjust their FX hedging strategies in 2026