As per Ewen Cameron Watt, a top investment strategist at BlackRock Inc -the world’s largest asset manager with $4.7 trillion under management, even if the British pound were to enjoy a brief rebound its general trend, in the wake of Brexit, is likely to be downwards in the course of the next six months. He clarified that as a fallout of Britain’s referendum, investors have been selling assets indiscriminately: even assets which are not related to the referendum, including U.S. stocks and quality government debt from emerging markets are reeling under selling pressures.
References: http://www.reuters.com/
