

Brexit Takes Center Stage: TGC Q2 2016 Market Update
Brexit: The most consequential story this year, and perhaps in decades, was the referendum in the U.K. to leave the European Union. Never quite fully engaged, the U.K. retained their own currency and island-like mindset when the European Union was created nearly forty years ago, as it refused to become part of the current nineteen-member state Eurozone. Domestically in the UK, the declining British Pound will drive inflation higher, crimping real incomes. It is likely that nu