Global politics likely to continue impacting markets into summer 2016

clock • 2 min read

It is easy to forget it took three attempts to finally get Britain into the EU in 1973, and none of them was preceded by a referendum, writes James Horniman, partner at James Hambro & Partners.

The 1975 poll was arguably unnecessary - the result of a Labour election manifesto pledge to renegotiate the then Prime Minister Edward Heath's accession terms, secure a better deal and test it with the plebiscite.   It all sounds vaguely familiar, though the outcome is much closer to call this time round - which has contributed towards sterling's weakest quarter in over seven years. Elsewhere, the US election process gathers momentum; Brazilian President Dilma Rousseff is fighting for political survival; Spain has been in political limbo since inconclusive elections in December 2015 ...

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