Does this extract contradict the notion of efficient market

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Reference no: EM131622303

Sterling was up against the dollar at nearly $1.35, adding to yesterday’s bounce, having fallen to a 31-year-low of $1.3122 on Monday. It was also higher against the euro at €1.22. Meanwhile, London's leading stock market index the FTSE 100 is now back above where it closed last Thursday before the polls closed - regaining all the ground lost after the Brexit vote.”

Does this extract contradict the notion of an efficient market? explain briefly

Reference no: EM131622303

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