Westpac Economics weekly video update

A week on from the Brexit decision, the outlook remains decidedly uncertain. Equity markets have rallied back, as has the AUD. But sterling remains near its lows amid expectations of further easing. It will be September/October before new leadership takes over in the UK and the formal exit process can begin. From there, another two years of negotiations will be needed. Next week, US nonfarm payrolls and the RBA will be the key focus.