Brexit - It's Happening [Seeking Alpha]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
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Source: Seeking Alpha
By Seema Shah, Global Investment Strategist, Principal Global Investors In a recent blog post, "Brexit: Out of Sight, Out of Mind…. But Not Out of the Woods ," I discussed how the UK economy seemed to have shrugged off the inconceivable decision for Britain to leave the European Union. I noted that the key reason why markets seemed so positive was that many investors were clinging on to the belief that Article 50 would never be triggered and the UK Parliament (along with the rest of the European governments) was still on its summer recess, so Brexit-related news flow was patchy at best. Fast forward one month: the UK Government is back in Parliament, the UK Conservative Party conference has taken place and…. pound sterling has fallen from US$1.34 on September 6 to US$1.26 on October 6. What's happened? Firstly Prime Minister Theresa May destroyed the hope of many investors by announcing that the Article 50 notification will be made before the end of March 2017, star
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