Global Macro Strategy: International & Brexit Briefing

The United Kingdom’s “Brexit” vote to leave the European Union (EU) triggered a heightened level of market volatility that had several implications for stocks, bonds, currencies, and commodities. The vote will lead to long-lasting negotiations between the British government and the EU, and periods of geopolitical, economic and global financial-market uncertainty in the coming months and years as a result. Some investors may be wondering, “what now” following the buildup and global financial market disappointment with the Brexit vote. As with any market uncertainty, it poses risks as well as opportunities for investors.