We are in danger of losing the big picture with regard to Europe. The #Brexit vote has taken the attention of the world, rightly so, however the value of the UK market has the potential to stabilise, if a little lower than before the vote. The £ is now stable for a few days. And will float around this level for a while. The BOE is on the game.
In contrast the problems of the European Union go on, Greece is still suffering, and Spain is in political turmoil even after another election. The French have woken from a long sleep over the reforms to the labour laws. The Mass migration has not gone away.
Austria has moved to the political right removing the usual support from Germany, Germany being the healthiest economy will have to deal with the loss of the UK almost alone.
In short there is still much going on within the EU that is not positive. Markets are going to remain volatile for a while yet; the question, what the next crisis will bring. I do not think the negotiations between the UK and the EU, once they start will cause a mass exodus of states, not all have the where with all to pull it off. So we are left with a long list of other problems looming on and over the horizon.
Latest Comments
Brexit And Hedge Fund Strategies
We are in danger of losing the big picture with regard to Europe. The #Brexit vote has taken the attention of the world, rightly so, however the value of the UK market has the potential to stabilise, if a little lower than before the vote. The £ is now stable for a few days. And will float around this level for a while. The BOE is on the game.
In contrast the problems of the European Union go on, Greece is still suffering, and Spain is in political turmoil even after another election. The French have woken from a long sleep over the reforms to the labour laws. The Mass migration has not gone away.
Austria has moved to the political right removing the usual support from Germany, Germany being the healthiest economy will have to deal with the loss of the UK almost alone.
In short there is still much going on within the EU that is not positive. Markets are going to remain volatile for a while yet; the question, what the next crisis will bring. I do not think the negotiations between the UK and the EU, once they start will cause a mass exodus of states, not all have the where with all to pull it off. So we are left with a long list of other problems looming on and over the horizon.