Market rebound since Brexit may not reflect risks: BIS

September 18, 2016 2:49 PM

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Market rebound since Brexit may not reflect risks: BIS

[ZURICH] Financial markets recovered far more rapidly than expected following Britain's vote to leave the EU, the Bank of International Settlements said Sunday, warning that the rally might be ignoring significant risks ahead.

During the two days of trading following the so-called Brexit vote on June 23, most major stock indexes shed more than five per cent, while the broadest London stock exchange index plunged 15 per cent, and the British pound lost 10 per cent of its value against other major currencies.

Also read: Boris Johnson: UK should not pay 'large sums' for EU trade access

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