Will U.K. Know the Pound 'Sweet Spot' When it Comes?
The pound fell for a fourth day, with the currency’s precipitous slide leaving strategists racing to revise down their longer-term forecasts. ING Groep NV, JPMorgan Chase & Co. and Julius Baer Group Ltd. have all reduced their year-end forecasts for the British currency since Friday, when it plunged 6.1 percent versus the dollar in two minutes during Asian trading. Sterling has been unable to recover from last week’s decline as U.K. politicians, led by Prime Minister Theresa May, failed to offer any clarity on how the government proposes to steer the nation through tough negotiations on exiting the European Union. Bloomberg's Mark Gilbert reports and DS Economics Founder & CEO Diane Swonk discusses with Francine Lacqua on "Bloomberg Surveillance."
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14:59 - Shaniel Ramjee, senior investment manager at Pictet Asset Management, discusses how the German and New Zealand elections may impact markets. He speaks on "Bloomberg Markets: Asia." (Source: Bloomberg)