The Pound on Brexit Night: The Market’s Failure to Predict the Predictable

AuthorD. Sornette, S. Wheatley, K. Wu
Date3 mai 2017
CatégorieRoundups
The Pound on Brexit Night: The Market’s  Failure to Predict the Predictable

The result of the Brexit referendum could have been predicted once only a little over 5 percent of the results were in. So why did markets fail so miserably to predict this, and react so slowly when they did?

 

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