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Brexit Vote Shocks The Markets

Brexit Vote Shocks The Markets

4 Years ago | June 26, 2016 00:00:00

John M. Bland, MBA

Brexit Surprise
The U.K. Brexit vote was a shocker. Early exit polls confirmed an as expected victory for "Remain", but then the tide turned as the votes were actually tallied and the "Leave" vote prevailed by 52% to 48% with the leave side getting 17mln votes vs 16mln for stay. Markets had been set up for a "Stay" outcome and reacted mildly positively to the initial reports. They then reacted strongly and negatively to the "Leave" victory as the data came in. I had been warning of an asymmetric risk to the

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