How Portfolio Managers Insulate Against Brexit Volatility
Brexit stresses are seeping into virtually every corner of the global foreign-exchange market. Of 16 major currencies tracked by Bloomberg, all but three have seen a jump in the cost to hedge against big declines as Britain’s referendum on whether to stay in the European Union approaches. The pound posted the biggest increase, closely followed by its continental neighbors amid speculation a vote on Thursday to leave would encourage other countries to reconsider their own membership. Crossbridge Capital Head of Investments Manish Singh discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.
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