Will Brexit Volatility Make Fed Delay Rate Hike?
(Bloomberg) -- Britain’s vote to leave the European Union will almost certainly have repercussions for the Federal Reserve -- and those could play out over days or months. The severity of the fallout will become clear over three time horizons. On Friday, the Fed said it’s ready to act with its global central bank partners to shore up liquidity in markets, if needed. In the medium term, the post-Brexit market turmoil could delay a rate increase, while in the longer term, secondhand effects could bleed into U.S. economic data. HSBC Global Head of Currency Strategy David Bloom discusses with Bloomberg's Francine Lacqua and Jonathan Ferro on "Special Report: OUT BRITAIN LEAVES." (Source: Bloomberg)
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The Main Takeaways From Theresa May's Speech in Florence
59:00 - Prime Minister Theresa May proposed for the first time to pay to maintain trading links with the European Union for up to two years beyond Brexit as she laid out her most detailed ever blueprint for a deal. Bloomberg's Richard Jones takes a look at the main takeaways from her speech in Florence, Italy. (Source: Bloomberg)