Wyn Thomas - Axys Investment Management

Weekly Market Update 22nd April 2016

OBAMA VISIT REIGNITES BREXIT DEBATE

This week, thanks in large part to President Obama, we’re back to Brexit. The US has taken an interest in the upcoming referendum; a letter from eight former US treasury secretaries warning that a leave vote would jeopardise relations across the Atlantic was followed up by a frank warning not to do anything stupid by the visiting president. It is no surprise the US would prefer Britain to stay in; as the two nations are far more aligned culturally and economically, having Britain on the inside of the world’s largest trading block shaping its decisions is clearly in the US’s interest. Read More……