Expect a Weaker Sterling if Brexit Happens, Warns Sharma
The International Monetary Fund capped a week of warnings by heavy-hitting supporters of Britain staying in the European Union, all unanimous in their view of the dire consequences of a so-called Brexit. A vote to leave the bloc could lead to a “protracted period of heightened uncertainty,” triggering financial-market volatility and hurting economic output, the Washington-based fund said in its Article IV report on the U.K. published on Friday. An exit could also erode London’s position as a financial center and cause “sharp” drops in house and equity prices, the IMF warned. Bank of America Merrill Lynch Director of G10 FX Strategy Kamal Sharma discusses with Bloomberg's Francine Lacqua on "The Pulse."
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German Election Heats Up Amid Tepid Campaigning
44:24 - Bloomberg’s Matt Miller discusses coming elections in Germany and possible coalitions if Merkel wins. He speaks with Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)