It is exactly one year since the UK held the historic referendum vote on EU membership. As Deutsche Bank's Jim Reid notes, whether you think that has passed quickly or not probably depends on if you’re a Sterling FX trader, in which case it’s more than likely been a long year. With today being the anniversary we thought we would see how assets have performed over the past year since the vote...
Just this morning we reported that as the global equity research market wrestles with how it will comply with the EU's MiFID II regulations, in a new study McKinsey said that banks will have no choice but to fire a ton of equity research analysts who write a bunch of stuff that no one ever reads...which seems like a reasonable guess.
Via GEFIRA.org,
A day after Brexit negotiations officially began, and seemingly unable to get over the result of democracy, George Soros is once again rattling his op-ed sabre, proclaiming the ignorance of British 'brexit' voters is about to get its come-uppance...
Economic reality is beginning to catch up with the false hopes of many Britons.
Authored by Federico Pieraccini via The Stratgeic Culture Foundation,