Daily Management Review

Brexit Fallout – BlackRock’s top investment strategist says Sterling could weaken further


06/24/2016


Confusions reigns in financial markets as a fallout of Brexit. Investors seen dumping assets even those that are not related to Brexit – such as U.S. stocks and bonds from emerging markets.



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/ 







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