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HEWU - Hard Brexit Or Not U.K. Stocks Are Likely Headed Higher
iShares Currency Hedged MSCI United Kingdom
It’s been almost three years since the original Brexit referendum passed in a vote that stunned Europe. The British people voted to get out of the European Union, and we’re still waiting for it to happen nearly three years later. At the time of the vote, headlines were blaring Armageddon - that if the Brexit referendum passed, British stocks would tank. They did, but only for two days. Then, they rocketed higher.
In the two trading days following the vote on June 23, 2016, the FTSE 100 fell six and a quarter percent. But then