European Stocks Drop Most in Two-Weeks

The video discusses the recent performance of German clothing retailers, highlighting a significant profit drop due to weaker sales in the US and China, and the subsequent stock downgrade. It then shifts to Petrofac, an oil services company, which has seen a stock rise due to a larger order backlog and strategic positioning in the Middle East. Finally, the video explores the potential impact of Brexit on the British pound, with economists predicting a significant drop in value if Britain exits the EU.

According to the economists surveyed, what level is sterling expected to sync to if Britain votes to exit the EU?

What was the worst three-day drop percentage for the pound against the dollar since 2009?