CBA Global Markets Brexit Update – 27 June 16.

The Brexit vote continued to dominate news flow.

In a further effort to offset market concerns the Chancellor of the Exchequer George Osborne spoke before UK markets opened, but it had minimal impact.   Equity markets have declined, with banking shares leading the way.  At one stage of trading earlier today, selected UK bank shares were suspended.  Core bond yields have also moved lower, with UK gilt yields down 10-13bps across the curve.

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