Is the Pound Fully Priced for a Hard Brexit?

As Chancellor of the Exchequer Philip Hammond prepares to meet with Wall Street executives on Thursday, he’ll have to contend with a sense there’s a shift in tone coming from a party that took pride in being pro-business. U.K. Prime Minister Theresa May announced a review of employment practices and peppered her speech with specific corporate practices she wants to end at the party’s annual conference in Birmingham, central England. Canadian Imperial Bank of Commerce Head of G10 FX Strategy Jeremy Stretch discusses Brexit and the outlook for sterling with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."

May, Johnson Underline Brexit Tension, Says Posen
15:42 - 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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