Markets Have Overpriced Brexit Consequences: Rosenstreich
The pound fell the most in five weeks after a report showed U.K. inflation undershot analyst forecasts, bringing into focus the uncertain economic outlook after the nation voted to leave the European Union more than two months ago. Sterling dropped versus most of its 16 major peers after consumer-price growth matched that of previous month, which still was the highest since late 2014. The Bank of England, which cut its key interest rate and expanded a bond-buying program last month, will leave its stimulus measures unchanged on Sept. 15, analysts forecast. Swissquote Head of Market Strategy Peter Rosenstreich discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."