Getty Images
Brexit refers to the European Union exit by Britain. A referendum has been set for 23rd June 2016 and its result will be closely watched. Before that judgment day, here are some of the pertinent information that every investor should be aware of.
Impact of a Brexit is Highly Uncertain
As no country has ever exited the bloc before, there is much uncertainty surrounding the impact of a Brexit on Britain and global financial markets. In fact, there are two separate camps campaigning for and against a Brexit. HSBC has done a wonderful outline of all the major points.
As it now stands, the economic argument leans towards remaining in the EU, with Brexiters having failed to give a convincing economic argument on the benefits of leaving. World leaders, from United States President Barack Obama to Japanese Prime Minister Shinzo Abe, have maintained their support for Britain ......