Bulletin: Brexit Risk Indicators: One Week Later

In this piece, CIO Jonathan Lewis discusses the economic response to Britain’s decision to leave the European Union.

Bulletin Highlights:

  • Although risk indicators rose following the Brexit vote, they did not rise to levels with either crisis or more sustained market correction.
  • If volatility markers remain stable or begin to fall, we will increasingly expect stable macroeconomic indicators to continue.
  • Given the likelihood that the British pound will fade ever more rapidly as a world reserve currency, we expect other strong balance sheet, free market nations to be big beneficiaries of global reserve currency diversification.

Please click here to download the commentary.