Brexit Polls are Undecided

Brexit Polls are Undecided

Brexit Polls are Undecided

Brexit vote is going to be close, very close, predicting the outcome here is going to be impossible.

Either way expect a volatile GBP and EUR.

Indicies may also be trading around the vote but I see little impact of the Brexit on the rest of the world, the impact will be financial for the UK and political for the EU.

We suggest avoiding trading that has Brexit exposure.

Withdrawal of the United Kingdom from the European Union, often shortened to Brexit is a political goal that has been pursued by various individuals, advocacy groups, and political parties since the United Kingdom (UK) joined the precursor of the European Union (EU) in 1973. Withdrawal from the European Union is a right of EU member states under Article 50 of the Treaty on European Union.

In 1975, a referendum was held on the country’s membership of the European Economic Community (EEC), later known as the EU. The outcome of the vote was in favour of the country continuing to be a member of the EEC.

The UK electorate will address the question again on June 23, 2016, in a referendum on the country’s membership. This referendum was arranged by parliament when it passed the European Union Referendum Act 2015.



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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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