FTSE 100 Recovers Post-Brexit Losses

Somehow, Brexit has been a blessing for U.K. megacaps. Supported by the plunging pound, the FTSE 100 Index -- loaded up with multinational commodity producers, drugmakers and banks -- has recovered after its post-Brexit tumble. More than that, Mark Carney’s reassurance that the Bank of England will loosen policy sent the gauge to its highest level since August. Credit Suisse Chief Investment Officer for UK & EEMEA Michael O'Sullivan discusses with Bloomberg's Anna Edwards on "Countdown."

May, Johnson Underline Brexit Tension, Says Posen
03:37 - Adam Posen, president at Peterson Institute for International Economics, discusses the political impact of U.K. Foreign Secretary Boris Johnson's comments on Brexit. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
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