Tuesday, May 10, 2016

Brexit

I don't really think it's going to happen but you never know.

Either way I'd suggest Sterling will bounce - so much bad news has been priced in that I can't believe it can go much further, and as it is the weakness will help the UK economy as soon as the uncertainty is over.

It's far from perfect, but the UK is the best performing economy in Europe, with low inflation, low unemployment and a budget deficit that is slowly being ground down. I'd rather own that than France, Italy or government less Spain. The only alternative is Germany, and that's locked into paying for the errors of the other members of the Eurozone.

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