Central Banks Should Guide Markets Through Uncertainty

It will be months before we have answers to the major domestic political questions prompted last week regarding Brexit, the euro and even another Scottish referendum

Neptune 28 June, 2016 | 4:12PM
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Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, James Dowey, Chief Economist and CIO at Neptune Investment Management, discusses what to expect in the aftermath of the Brexit vote.

In these very early stages following the “Leave” win any prognosis is by its nature highly tentative. It will be weeks before we are able to measure the acute impact of the result on the UK economy, and there are clearly no close historical parallels on which to base reliable predictions.

Central banks are today much better at calming financial distress than they were a decade ago

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Neptune  is an independent and privately owned investment management company, founded in 2002 by Robin Geffen.

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