However, market reactions to this, or indeed any event, can be complex, interlinked and not necessarily immediate. There are also many other factors that do and may impact markets. Any market views on the referendum result will also need to be seen in this context.

1 Brexit is an abbreviation of "British exit", which refers to the June 23, 2016 referendum by British voters to exit the European Union.
2 Forecasts are offered as opinion and are not reflective of potential performance, are not guaranteed and actual events or results may differ materially.
3 Gilts are bonds that are issued by the British government, and they are generally considered low-risk investments.
Important Information

Lucy O’Carroll is chief economist, investment solutions, at Aberdeen Asset Management.

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