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Sterling morphing into emerging-market currency before vote

  Bloomberg With just over a month until the U.K. vote on European Union membership, investors are increasing treating the pound like an emerging-market currency. While sterling was used as a haven during the European debt crisis, the specter of a Brexit has pushed it to the other end of the spectrum. The correlation between sterling and an index of ...

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Serb central bank holds rate before Brexit poll, new govt

  Bloomberg Serbia’s central bank left borrowing costs unchanged for a third month, refraining from easing ahead of the U.K.’s vote on whether to leave the European Union and the formation of a new government following April snap elections. The National Bank of Serbia left its one-week repurchase rate unchanged at 4.25 percent, according to a statement published on its ...

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