Brexit: Ultimate outcome to favour the UK remaining in EU - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at TDS, notes that the UK Prime Minister David Cameron has called a Brexit referendum for 23 June 2016.

    Key Quotes

    “Intense negotiations with other EU leaders last week yielded an agreement that gives Britain more power over key aspects of domestic policy and a say over some EU policy.

    Polls show a very divided population. The ruling Conservative party is largely split over Brexit, while the opposition Labour party leans heavily towards the “in” camp. Big businesses generally prefer full access to the open market and are likely to campaign for the “remain” side.

    We expect the ultimate outcome to favour the UK remaining in the European Union, but a very high degree of uncertainty will prevail over the next four months.”
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