Market volatility in utility prices will increase on EU uncertainty

29th June 2016 | Commercial Energy

Last week’s UK referendum has led to all manner of volatility: foreign exchange, equities, bonds and commodity markets. And this volatility is unlikely to abate until a clearer idea emerges about the extent and speed of the Brexit, which doesn’t look likely to commence until after David Cameron’s departure and the installation of his replacement as Britain’s Prime Minister.
There are many factors which affect the volatility in the market, including the impact of Brexit on the oil price, the currency volatility (Sterling has lost considerable ground against the Dollar and the Euro) and the macro-economic risk, which is possibly the most difficult to quantify.
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