Brexit Will Take Down Euro Along With GBP

Summary

  • The Brexit would change the dynamic of the EU.
  • Brexit is bad for the EU, not just the GBP.
  • A Brexit will impact all who deal with the pound.
  • Volatility peaking June 23 is guaranteed for GBP-related assets.

For Americans, a referendum is a vote whereby voters determine a political decision. America is largely a Representative Republic. Only some U.S. states, like California, have direct social democracy in which referendums determine state law.

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