Where Next For the Brexit-Bruised Pound?
The pound rose for the first time since the U.K.’s decision to leave the European Union, as a recovery in investor appetite for higher-yielding assets seeped through currency markets and sapped demand for the dollar and the yen as havens. Sterling rose against half of its Group of 10 counterparts. The Bloomberg Dollar Spot Index, which tracks the dollar against a basket of 10 leading global currencies, fell for the first time since the global market rout started Friday as the U.K. referendum result came out. The yen weakened against most of 10 major counterparts after Japanese officials reiterated that they will continue to watch markets. Societe Generale Head of Rates & FX Strategy Vincent Chaigneau discusses with Bloomberg's Anna Edwards on "Countdown."
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