17th October 2016
Schroders: Brexit’s double illustration of the problem with predictions
The run-up to the EU referendum on 23 June featured some pretty extreme claims and predictions from both sides – and indeed from a variety of people watching on the side-lines. And yet, if anyone suggested at the time the UK market would rise some 15% in the three months following a vote in favour of Brexit – as a chart from our friends at Financial Express has shown – then, here on The Value Perspective, it must have passed us by.
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