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The historic Brexit vote on June 23 sent shockwaves through the capital markets and sparked a global flight to quality in fixed-income sectors, as investors reacted to new political and economic uncertainty.
Many assets are back to their pre-Brexit highs following the market volatility right after the “Leave” vote won on June 23. While some such as the British pound and European bank stocks are notably lower, many other “risk” markets, including equities, credit and emerging-market assets, are at – or above – their levels from before the Brexit vote.