Do you think the post-referendum recovery in the financial markets is sustainable?

Sherif Hasan 2016.07.01 08:37

Yes! Until Article 50 of the TEU is triggered and negotiations are concluded, the U.K. is part of the E.U. and all is right in the world.

60% (21)
No! This is just the calm before the storm, I tell ya! This may even be the starting point of a bear market.

6% (2)
I don't know!

34% (12)

Total voters: 35

Michael Maggi 2016.07.01 09:40 #1

I think the UK is going to start to see long term problems with international firms realining and the GBP will suffer some because it looks like the political circus in UK will stay in upheaval for at least the rest of this year and into next with elections, resignations, Scotland, etc., but the business aspect will stay basically the same until something is resolved. The quick recovery is serious but we could see another crash if almost anything happens in the UK that gives bad press. This is not a time to trade without stops.

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