Fund pickers are shunning UK equity funds and hedging their sterling exposure as currency volatility looks set to continue in the run-up to June's EU referendum, with the pound hitting a seven-year low last week on fresh Brexit concerns.
London Mayor Boris Johnson's announcement he is backing the ‘out' campaign led the pound to fall 1.7% versus the dollar to $1.41 last Monday, its worst daily performance since May 2010. It subsequently...
US markets suffer losses upon opening
Britain votes to leave the European Union
Manager intends to add to oversold positions
Could spell safe haven status for UK longer term
All 32 Scottish councils voted to remain