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Pound’s $16bn of option trades envisage drop to 1980s lows

Bloomberg As Britain ponders its future in the European Union, investors are betting an amount almost the size of Iceland’s economy on the pound falling to levels last seen in the 1980s. At least 11 billion pounds ($15.5 billion) has been wagered this year on options that would profit if sterling fell to or below $1.3502, a 4 percent drop ...

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Europe seeks terror riposte as Brussels hunts new suspects

Bloomberg Two days after IS attacks on Brussels, European Union ministers are trying to overcome their divisions and convince citizens that they can stop the wave of terrorism as police hunt for a new suspect possibly involved in the bombings. As Belgian police continue their search for the surviving perpetrators, EU interior ministers meet in Brussels on Thursday afternoon to ...

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Belgian capital tries to pick up pieces as worst fears realised

Bloomberg With a combination of defiance, sadness and anger, people in Brussels tried to return to normality a day after the terrorist massacre that many feared was coming. Machine-gun wielding soldiers guarded subway entrances and searched commuters’ bags and coats before they were allowed to travel as suspects in Tuesday’s bombings remained at large. Many people followed advice to work ...

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