Aftermath of UK Referendum

Portfolio Advisory Group

June 24, 2016

UK Referendum delivers surprise to global markets

Overnight the UK population voted to leave the European Union which has surprised global markets as the Remain vote was expected to win in a tight race. Equity markets are declining in every part of the world and have been hit especially hard in Europe while bond yields are moving lower and the USD is gaining against all other currencies.

So what happens next and why are markets declining?

Read More…