Brexit Angst Agitates Pound But Equities Remain Steady
Less than three weeks before Britain votes on its membership in the European Union, the country’s equity investors are much less worried about the outcome than their colleagues trading currencies. While polls showing an advantage for the campaign to secede have sent a measure of pound swings to a seven-year high this week, a similar gauge for the stock market has been steadier. The FTSE 100 Volatility Index is now the lowest ever relative to its currency counterpart, according to data going back to 2008. Bloomberg's Aleksandra Gjorgievska reports and Societe Generale Global Strategist Kit Juckes discusses with "On the Move" host Caroline Hyde.