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Brexit query marks possible turn in globalization path
The UK vote to leave the EU sent global markets into a brief selloff with the S&P 500 sliding 5.3 percent over two days before partially rebounding. Currency shifts made dollars buy British goods cheaper while raising costs for British buyers, affecting US businesses and travelers. The vote signals future uncertainty as Parliament must direct withdrawal talks. the prime minister plans to resign, with negotiations potentially spanning years. Investors are urged to avoid market timing, manage risk, diversify, and watch for changes in London’s role in derivatives trading and LIBOR relevance. Robert Rolfe outlines implications for investors and strategy.
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United States
Standard & Poor’s