Brexit – a shock for markets or a crisis?

By Stephanie Flanders

Flanders-Stephanie-JP-Morgan-Asset-Management-2014_300pxInvestors have been seriously wrong-footed by the result of the EU referendum. But the shock of City traders this morning is nothing compared with the stunned response of the people who thought they ran the country. The economic and political questions raised by this vote will not be answered for years, possibly decades. But the immediate questions for investors are how long the “risk-off” mood in markets will continue and how much damage it will do in the process.

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