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Monday 27 June 2016

What after Brexit? (Part 3)

The next round of races will begin in July

The next week will probably be "just the dust settler". Scattered brains will be collected in a heap. There will be a series of meetings, consultations including the EU summit.
A place of speculation will find the petition for review of the results of the referendum, but as Cameron, count him already resigned, is not "the leader of the remainers", petition's fate is uncertain.
Next week will be full of twists. It is necessary to look further to the liquidity and volatility.
Friday will be important, with the coming of July 1 - Manufacturing PMI data will come from Britain and the United States, non-farms will follow soon after.
July will be no less "hot" - to all other will join quarterly reports for the second quarter of 2016.

How Brexit differs from the Black Wednesday?

On the eve of Brexit, George Soros warned that the exit of the UK from the EU can turn into bigger losses for the pound, than in "Black Wednesday" in '92. The investor seems to be earned well, as the last time.

So, how Brexit differs from the Black Wednesday?

Most of all, by the volume of the impact.
Probably we'll observe the effect of the snowball for months or even years and nobody's capable to forecast the actual damages for the world economy.

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