Market feels the Brexit backlash

By Scrutineer
June 29 2016 - 2:30pm
While the initial market reaction has been extreme Scrutineer expects some stability to come into markets over the next few trading days.
While the initial market reaction has been extreme Scrutineer expects some stability to come into markets over the next few trading days.

THE market reaction to the Brexit vote has been swift but not unexpected given the circumstances. In the week prior to the vote the consensus view was that the "stay campaign" would prevail, hence the surprise outcome is largely to blame for the violent reaction of global markets on Friday. The challenge will be to extrapolate this event and determine its significance, if any, in the investment landscape over the medium to longer term.

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