ANALYST ROUNDUP: This is what the City and Wall Street are saying about Brexit
Reuters/Russell Boyce
Market reaction was insane, with assets across the board getting crushed. The pound saw its biggest single-day drop in history, European and US banking stocks crashed lower, and safe haven assets like gold took off upwards.
Soon after the vote was confirmed, the Bank of England announced that it is "ready to provide more than £250bn of additional funds" to the UK's financial system. Simply put, Brexit totally freaked participants in the global financial system out.
As with all major economic events, analysts from research firms, hedge funds, and banks all weighed in with their opinions on what Brexit means for the markets and for the global economy. Business Insider decided to take a look at some of the most interesting and insightful analysis provided since the result became clear early this morning.
Take a look below.
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
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- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market