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'Reasoned and seasoned' Toscafund bull calls 2.2% growth

Brexit turbulence mirrors what happened when UK left the ERM in '92. And that turned out alright, says hedge fund economist

'Reasoned and seasoned' Toscafund bull calls 2.2% growth
Photo: iStockPhoto

The chief economist at $4 billion hedge fund manager Toscafund has seen it all before.

In a letter to investors seen by Financial News, Savvas Savouri compared the turmoil in the markets following the UK's vote to leave the European Union with what occurred when the country left the European Exchange Rate Mechanism in 1992.

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