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Brexit hangover to linger on financial markets: IG

Currencies

Brexit hangover to linger on financial markets: IG

PC Lee Published on Fri, Jun 24, 2016 / 3:15 PM GMT+8

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SINGAPORE (June 24): Financial markets will continue to react for the next couple of weeks to the UK’s Brexit vote, IG Group analyst Bernard Aw says.

Policymakers will take time to “manage the process in terms of economic policies” in the wake of the UK exiting the bloc, Aw, market strategist at London-headquartered financial group tells The Wall Street Journal.

He says the US dollar will rise against the Singapore dollar on risk aversion in coming sessions.

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