1.) The fact UK staying in can be worse for Europe than in……
2.) The fight is not on Europe but on domestic power games – Cameron looks like history…. And so does the old fashioned Tory vs. Labor
Conclusion: The REAL event risk is post the June referendum……and the social fabric plus EU will be under attack creating EVEN more uncertainty and market risk
Trading: Short GBP is a “safe” position looking 6-12 month down the line…… either sell 1.5000 GBP call USd put @ 1.55 pips or do a 1.5000 no touch ( 3mos – if you want limited risk w. upside…) @ 40% (1.5 risk reward)…..
Brexit is no longer about the EU-it’s a British civil war