With the outcome of the ‘Brexit' referendum looking increasingly finely balanced, investors should expect market turbulence right up to polling day, Invesco's chief economist John Greenwood has warned.
Delivering his latest quarterly economic outlook, Greenwood (pictured) argued the UK's "steady but unglamorous" growth environment has been dominated in recent months by two politically-driven events - the Government's decision to call a referendum on 23 June on the UK's continuing membership of the European Union (EU), and the Budget on 16 March. Describing the outcome of the referendum as looking "very evenly balanced", he added: "From an economic and market viewpoint, voting to leave will doubtless generate huge uncertainty compared with voting to remain. Large amounts of foreign dire...
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