Following on from my look at the effects of the UK’s referendum result on currency markets, it’s now worth a checking out equity markets, the UK and global economies.
press reports showed that there was an unmistakeable sense, in the post-referendum pandemonium, of the gradual dissipation of sheer panic. Among all participants.
It isn’t just the UK’s referendum that depressed markets – they’ve been bearish for a while, in spite of desperate attempts to revive them and in fact many markets are now at higher levels than they were before their post-Brexit panic.
The UK’s Vote to leave has caused a lot of turmoil in the markets… but it’ll improve the global economy in the long run.