Has Brexit Made Firms Reluctant to Invest?
U.K. banks reduced their exposure to sterling assets in March by the most since the height of the financial crisis in January 2009, according to Bank of England data. Sky News reported earlier on Tuesday that the 59 billion-pound ($86 billion) monthly decline in financial institutions’ holdings of sterling assets may have been driven by volatility ahead of Britain’s European Union referendum, citingSimon Ward, chief economist at Henderson Global Investors. JPMorgan Asset Management Market Strategist Nandini Ramakrishnan discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."
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U.K.'s Blair Puts Brexit Reversal Chance at 30%
51:39 - Former U.K. Prime Minister Tony Blair talks about the prospect of a reversal of the U.K.'s decision to leave the European Union. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)