How to Play ‘Brexit’ FX Volatility
The pound fell the most in 11 months versus the dollar after London Mayor Boris Johnson, one of the U.K.’s most popular politicians, said he’ll campaign for Britain to leave the European Union in a June referendum. Sterling dropped at least 1.1 percent against all its 16 major peers, reversing a gain made on Friday when Prime Minister David Cameron secured a deal on membership terms with EU leaders in Brussels and set a June 23 date for the vote. RMG Wealth Management CIO Stewart Richardson looks at the markets with “On the Move” host Guy Johnson. Richardson also looks at the outlook for oil.