To Brexit or not to Brexit, that is the question
400 years of Shakespeare and we are still pondering over the question!
I recently returned from London – more specifically the City of London – and was rather surprised to find out that the financial ‘experts’ were still in a state of flux, arguing over the theoretical economical fall out, on the day after of the fast approaching in/out referendum. I came to the conclusion, after pouring through reams of editorial columns from “would be” financial gurus, that the prognosis relating to the likely impact on the FTSE100 on the 24th of June – the day after – was that the general consensus converged on a simple equation; if the in campaign wins the day, there would be an immediate 5% appreciation. Conversely, if the out campaign has it, the FTSE100 would suffer a dramatic 10% loss.