'Brexit’ Vs Yield: What’s Behind Sterling’s Pressure?
Sterling is the worst-performing major currency over the past month amid concern that Britain will quit the European Union at a June 23 referendum, threatening trade and economic stability, and keeping interest rates at a record low for longer. The pound weakened for a third day as investors prepared for U.K. Chancellor of the Exchequer George Osborne’s eighth annual budget. Bank of New York Mellon Chief Currency Strategist Simon Derrick discusses the outlook for the currency against emerging markets with Bloomberg’s Manus Cranny on “Countdown.”
Most Recent Videos
Full Show: Bloomberg Daybreak: Americas (08/17)
26:55 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Pablo Goldberg, head of emerging markets fixed income research at BlackRock, Neil Dutta, head of U.S. economics at Renaissance Macro Research, and Chad Morganlander, portfolio manager at Washington Crossing Advisors. (Source: Bloomberg)