Is Brexit the Biggest Risk to the Global Economy Now?
The pound sank to a fresh 31-year low as the fallout from Britain’s vote to leave the European Union continued to reverberate through financial markets. The U.K. currency fell beyond $1.28 -- four cents below its weakest point the day after the nation’s June 23 referendum. The yen climbed at least 1 percent against all 16 of its major counterparts as investors sought havens from the turmoil that’s also weighing on global stocks. World Economic Forum Lead Economist Margareta Drzeniek discusses global risks following Brexit with Bloomberg's Francine Lacqua on "The Pulse."
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U.K.'s May Calls for Two-Year Brexit Transition Period
38:07 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)