Since December, shares in Eurotunnel have mirrored the weakening pound, dragged down by uncertainty over the potential economic impact of a vote in favor of Britain leaving the European Union, and have bounced when “Brexit” concerns ease. It’s a near-perfect correlation, says Pierre Martin, a trader at Saxo Bank A/S in London, who crosses the English Channel every weekend.
Photographer: Chris Ratcliffe/Bloomberg
Eurotunnel Moves in Lockstep With British Pound: Chart
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