Invesco Fixed Income

Global Fixed Income Strategy

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Rather than a binary event, we believe the UK’s European Union (EU) referendum is best thought of as a continuum of uncertain outcomes, potentially with significant financial and economic impacts well beyond the UK in the EU, extending to the eurozone (EZ) and potentially the wider world. Even so, we define three broad scenarios: the first with sub-scenarios, which we call “Brexit” – a decisive “Leave” vote, subdivided into a “Bravo Brexit” and a “Bad Brexit”; the second, “Brexident” – an ambivalent, split vote for “Leave” – almost by accident; and finally, “Bremain” – a vote to “Remain,” in which the margin would have a smaller impact.

Source : Invesco Real Estate

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Mots-clés : Invesco Real Estate