In a new report, Credit Suisse analyst Sonali Punhani discusses the latest poll numbers out of the U.K. regarding the possibility of a British exit (Brexit) from the Eurozone. According to Punhani, the momentum behind the Brexit movement has never been stronger.
On February 19, British Prime Minister Cameron agreed to a new set of terms regarding the U.K.’s relationship with the EU for the next seven years. Disapproval of the agreement sparked a new wave of Conservative calls for a Brexit and sent the British currency plummeting.
Punhani notes that a recent study by the Cabinet Office found that it would likely take an independent U.K. a decade to re-negotiate all of the trade agreements is currently has in place via the EU. “A Brexit vote would negatively affect the lives of millions and a decade of uncertainty would hit ‘financial markets, investments and the value of the pound,’” Punhani said, referencing the Cabinet Office’s report.
The Brexit referendum is scheduled…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!