Special Report

Brexit Shock

24 Jun 2016

by Mathieu Savary, Chief Strategist, Developed Markets ex US & Head of Research Innovation

The people have spoken: they want the U.K. out of the EU. The political and economic uncertainty will weigh on the pound and European currencies, which will help the dollar. Commodity currencies are proving resilient, sniffing out a wave of reflation. The G7 gave Japan a green light to intervene. Buy gold in yen terms.

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