Is Bad Brexit Communication Increasing Market Angst?
Sterling resumed its decline as investors remained in the dark about the cause of last week’s flash crash and over whether Britain is truly headed for a hard Brexit. The currency depreciated 4.2 percent last week, its worst performance since June 24. The slide, which accelerated after Prime Minister Theresa May said at her party conference that she’ll start the process to pull the U.K. out of the European Union by March, culminated in an unexplained 6.1 percent plunge during about two minutes in Asian hours on Friday. The currency finished the day down 1.4 percent and extended its drop today. AllianceBernstein Fixed Income Portfolio Manager Daniel Loughney discusses with Francine Lacqua on "Bloomberg Surveillance."
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Deutsche Bank Says Economy Not Top Issue for Voters
40:56 - Stefan Schneider, chief German economist at Deutsche Bank, discusses the outcome of the German election, his outlook for the economy and how much risk he sees in the Brexit negotiation for German industry. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)