12.10.2016 - Sterling Is Trading Like an Emerging Market Currency
Is the British pound the new Mexican peso? U.K. markets are now dancing to an emerging-markets beat as the violent sell-off in the pound this month has triggered a rise in government bond yields as investors look to reprice U.K. sovereign risk. Amid rising fears that the U.K. will take a big economic hit from its move to leave the European Union, the correlation between the pound and an index of emerging-market currencies has jumped to levels last seen since the run-up to the Brexit vote..............................................Full Article: Source
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