Post Brexit: Happy days are here again - ANZ

Research Team at ANZ, suggests that the Brexit continues to dominate the news but no longer the price action.

Key Quotes

“The fact that UK’s FTSE 100 equity index has regained its pre-Brexit highs is remarkable in the face of widespread expectations that the nation is heading into recession. It seems unlikely Brexit will be averted; markets are just moving on. The fallout for the UK economy will be very real, but relatively slow-moving. It appears optimism is rising that this event won’t be the catalyst for global market volatility. Let’s hope the market is right, but there’s a lot of water yet to flow under the bridge.”