Over the next few weeks, there will be a lot of information, analysis and views on the implications of Britain’s surprise decision to vote for exiting the European Union (EU). Initial market reactions to the results were sharply negative, but encouragingly shares rallied over the course of our Friday night, reflecting some relative calm post the initial shock. For example, after initially falling 9%, UK shares rallied 6% during their day, closing down just 3%; while the US market closed down 3.5% after having initially fallen 5%. German shares also recovered 3% of their early losses, but notably still finished down 7%. Click here to read more.
The effects were also felt beyond world share markets:
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