Why the break-up of the EMU could have much deeper consequences than Brexit

The UK has voted: Brexit it is. Even though the uncertainty around the vote result is behind us, a new road full of unknowns opens up, writes Florence Barjou, deputy head of active investment strategies and head of multi-asset investments at Lyxor Asset Management.

The UK political landscape is in turmoil, and the country's future relationship with the eurobloc still needs to be defined. Still, after all the market hysteria and the impressive volatility around the referendum, the dust is starting to settle. Currently, three points are emerging: first, the economic consequences of Brexit are going to be negative, with uncertainty weighing on corporate investment and the weakness of the pound putting pressure on individual household's disposable income. Why trade deals are an ongoing global challenge, not just a Brexit issue Yet, even though th...