Markets Can't be Trusted on Election Outcome, Says Stubbs
Gyrations in the $5.1 trillion foreign-exchange market waned and the dollar held its biggest gain in two weeks as opinion polls put Hillary Clinton ahead of Donald Trump before U.S. voters cast their ballots in the presidential election. A JPMorgan Chase & Co. gauge of expected swings in global currencies fell the most since June 28 on Monday, and one-week implied volatility in the world’s most-traded currency pair, euro-dollar, posted its biggest drop this year. The final Bloomberg Politics national poll before Tuesday’s election has Clinton ahead of Trump, 44 percent to 41 percent, when third-party candidates are included. JPMorgan Global Market Strategist David Stubbs discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."