On June 28th, 2016, Caissa conducted a webinar with Brexit-fueled volatility in mind. Caissa showed how to use its analytics platform to analyze a multi-asset class portfolio and assess the potential impact of Brexit. What follows is a recap of the impact of Brexit on UK markets and our accompanying webinar.
Impact of Brexit on UK Markets
On Friday, June 24th, international markets tumbled in the wake of the UK’s EU Referendum. Brexit had caused a sell-off of European equities as investors feared a UK recession and EU destabilization. By the following Monday, June 27th, the UK had been stripped of its AAA credit rating and global markets had lost $3 trillion in value, including a loss of nearly 6% in the MSCI UK Index. Post-Brexit fallout would later contribute to the British Pound sinking to a 31-year low.