Pessimism on Europe's Economy is Overdone, Says Hatheway
The pound gained, spurring a global rally in higher-yielding currencies, as the first poll taken after the murder of pro-European Union lawmaker Jo Cox showed the campaign for the U.K. to remain in the trading bloc was gaining momentum. Sterling volatility retreated to a one-week low after a poll from Survation taken June 17-18 for the Mail on Sunday newspaper showed “Remain” backed by 45 percent and “Leave” by 42 percent, reversing positions from Survation’s previous survey. The pound gained at the end of last week after campaigning for this Thursday’s referendum was suspended following Cox’s death. She was attacked June 16. Gam Chief Economist Larry Hatheway discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."