Currencies Take Brunt of Brexit Volatility
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. ABN Amro Chief Investment Officer Didier Duret discusses with Bloomberg's Anna Edwards on "Countdown."
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44:47 - Guests include: Organization for Economic Cooperation and Development Secretary General Angel Gurria, Congressman John Delaney, a Democrat from Maryland (Source: Bloomberg)