Have Markets Priced in a Brexit?
With Britain’s European Union referendum looming, Bank of England governor Mark Carney will present economic projections next week to guide investors on an outlook that has rarely been more clouded in doubt. Uncertainty stemming from the vote is already being felt, with manufacturing shrinking and growth slowing. While the Monetary Policy Committee has signaled it won’t rush into action, weak consumer-price increases and economic risks mean it will probably keep its key interest rate at a record-low 0.5 percent on Thursday. Allianz Global Investors Global Macro Strategist Lucy MacDonald discusses with Bloomberg's Anna Edwards on "Countdown."
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Full Show: Bloomberg Daybreak: Americas (08/18)
38:29 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Mohamed El-Erian, Bloomberg View columnist and Allianz chief economic adviser, Nick Burns, professor at Harvard Kennedy School, and Americans for Tax Reform President Grover Norquist. (Source: Bloomberg)