27 Jun Brexit: Interview with Nick Griffin
Nick Griffin, Head of Investments at Munro Partners, provides a few potential scenarios as to how markets could play out post-‘Brexit’. This interview was conducted by Livewire www.livewiremarkets.com on 27 June 2016.
Nick Griffin says that the referendum in the UK was based on anti-immigration and anti-globalisation views, which has created a negative economic outcome for the UK and Europe. “The positive scenario from here is for the UK to suffer quite badly, and for the EU to become stronger out of this.” While the ‘positive’ scenario doesn’t sound inviting (especially for the British), the bear case – the disintegration of Europe – is much worse. Ultimately, he feels markets are being complacent; “there’s an argument just to move to the sidelines until the weather gets better… This could create a domino effect – it’s not likely, but there is potential. Where markets and valuations are, it makes sense to us to step slightly to the sidelines.”
Disclaimer: The information contained in this presentation is general in nature and should not be relied upon. Before making any investment or planning decisions, you should consult a licensed professional who can advise you whether your decision is appropriate for you. We may have commercial or financial interests in the companies, if any, mentioned.