Moving Markets

Markets jittery following rollercoaster ride for the pound


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Markets jittery following rollercoaster ride for the pound 


The UK government's pledge to continue with more tax cuts caused the pound to plunge nearly 5% to a historic low yesterday. And there is growing speculation among investors that the pound could soon fall to parity with the US dollar or even beyond. Dario Messi, Fixed Income Strategy, provides his analysis on the outcome of the Italian general election and David Meier, Senior Economist, gives an update on the drop in the British pound.


00:08 Introduction and markets wrap-up by Jonti Warris (Investment Writing)

04:28 Italian elections by Dario Messi (Fixed Income Strategy)

08:41 Sterling’s drop by David Meier (Senior Economist)

13:32 Closing remarks by Jonti Warris (Investment Writing)

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Moving MarketsBy Julius Baer

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