Weak Pound May Drive New U.K. Investments, Says Sartori
The pound surged the most in three months against the dollar after U.K. Prime Minister Theresa May accepted that Parliament should be allowed to vote on her plan for taking Britain out of the European Union. The move by the British prime minister eased investor concerns that May would be taking a gung-ho approach to the discussions, even as she asked lawmakers to vote in a way that gives her space to negotiate. Sterling climbed against all its 31 major peers. A gauge of the dollar retreated from a two-month high that was reached Tuesday as commodities-related currencies strengthened. UBS Wealth Management UHNW Cross-Asset Strategist Maximilian Kunkel and Union Group Chairman and Founder Juan Sartori discuss the fed and the outlook for treasuries with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."