Rochester: U.S. Election Not as Hedged as Brexit

The transcript discusses the potential risks and market reactions related to the upcoming election and Brexit. It covers the impact of polls on market strategies, particularly in foreign exchange, and highlights the importance of hedging. The discussion includes investment strategies, focusing on the Mexican peso as a proxy for election outcomes, and the FTSE 250's resilience amid Brexit uncertainties. The Bank of England's stance on foreign exchange intervention is also examined.

Discuss the potential impact of Brexit on the UK economy as mentioned in the text.

What are the implications of the Bank of England's policy decisions on foreign exchange markets?