The weekly Market Update is posted at Alpha Baskets and includes the following;
This week the UK will vote on whether to leave the European Union or stay in it, the so called Brexit vote. A few months ago, this was a fringe idea along the lines of whether Scotland would vote to leave the UK but of course the Brexit movement gained momentum and seemed very plausible. Over the weekend yet another poll had odd of the Brexit now receding which has lifted global markets.. As disruptive as this might be, the thought, or fear, is that if the UK leaves the union that other countries will then also want to leave which would make for an economically painful adjustment.
Please click through to read the entire update.
The picture is from a multi-agency training exercise held here in mid-April.