16 Feb 2016
Brexit or not to Brexit? - ANZ
Analysts at ANZ explained that this week’s EU summit will be a crucial test for sterling. The perceived success of UK PM Cameron in achieving his reform goals is key.
Key Quotes:
"A positive EU summit which boosts the anti-Brexit campaign would likely see the UK’s EU membership referendum confirmed for 23 June.
The reality of ‘Brexit’ would usher in a very uncertain time for the UK economy with the practicalities of leaving the EU to be worked out and actioned and would be negative for sterling."
Key Quotes:
"A positive EU summit which boosts the anti-Brexit campaign would likely see the UK’s EU membership referendum confirmed for 23 June.
The reality of ‘Brexit’ would usher in a very uncertain time for the UK economy with the practicalities of leaving the EU to be worked out and actioned and would be negative for sterling."