Brexit Polls Spurs Investor Fear As More Volatility Fated
Brexit is back, and investors from Australia to Thailand are ducking for cover. The pound tumbled and volatility surged on Monday after two polls showed more Britons favor a vote to leave the European Union at a June 23 referendum than those who want to stay. That prompted a money manager 10,500 miles away in Sydney to buy stock-market protection, while a brokerage in Bangkok is advising clients to trim equities and hold extra cash. Hassium Asset Management CEO Yogi Dewan discusses Brexit with "On the Move" hosts Guy Johnson in London and Matt Miller in Berlin.
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U.K.'s May Calls for Two-Year Brexit Transition Period
58:14 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)