The immediate aftermath of Britain’s vote to leave the EU was severe, especially for the British pound which plunged to its lowest level in decades. The news wasn’t all that beneficial for stocks either, at least initially.
But we all know that markets fluctuate over time. They go up and they go down. Over the long term a lot depends on the underlying economics in a country. Better economies tend to have better performing stock markets.
In Britain the jury is still out with some saying that Britain will suffer outside of the EU, while others, like me, see massive opportunities.
Earlier this week I spoke with Edward Dempsey, chief investment officer at Pension Partners, about his thoughts on where things end up. You can hear what he says in this video.