Weak Pound Paves Way for Episodic Volatility in Markets as Two-Year Brexit Process Nears

Tuesday's plunge in the pound against the dollar gives a window into how markets may behave during the two-year Brexit process, which is set to begin in March 2017. Russell Price, senior economist at Ameriprise, expects episodic volatility related to Brexit as investors parse the details of the divorce, which will be negotiated over the coming years. "The market will take each footstep with a little bit of unease and show some apprehension over the whole process - and settle down over time," he said. The UK aims to complete its withdrawal from the European Union in 2019. TheStreet's Scott Gamm reports from Wall Street.