Wednesday, June 22, 2016

"Remain" Was Bought With Both Hands

The British Pound reached its highest level of 2016 today. Meaning the best case scenario ("Remain") is 100% priced in to global markets. Brexit is not an option...

GBPUSD

+6% in one week:



London FTSE stock market:


European Stoxx 600 Composite


German DAX


World ex-U.S. with GDP

"What is 'Brexit?'"