European Close: Currency Volatility: Pound vs. Dollar

The video discusses the stock market's performance, highlighting a decline led by retail, insurers, and banks. It notes the impact of a rising dollar on energy and resource shares, with increased sterling volatility following the Brussels bombings. Additionally, it covers a major M&A deal where Banco Popolare is set to merge with Banco Popolare di Milano, forming Italy's third-largest lender.

What was one of the main reasons for the decline in stock prices?

• An increase in interest rates

• A drop in oil prices

• A rise in the dollar

• A decrease in retail sales

What has been the trend in sterling volatility this week?

• It has reached its highest level since 2010

• It has been unpredictable

• It has remained stable

• It has decreased significantly

What event is linked to the recent rise in sterling volatility?

• The US presidential election

• The European Central Bank meeting

• The Brussels bombings

• The Brexit referendum

What is the outcome of the Banco Popolare and Banco Popolare di Milano deal?

• Creation of Italy's largest bank

• Creation of Italy's third-largest lender

• Merger with a French bank

• Acquisition by a German bank

How much have Banco Popolare di Milano shares decreased since 2007?

• 60%

• 90%

• 80%

• 50%