Press "Enter" to skip to content

Category: Opinions

Problems after the Brexit – nobody wants British

Two and a half months, the citizens of the United Kingdom voted in a referendum to leave the European Union, and after forty-three years left the umbrella of EU membership. Written a new page of history, immediately after the referendum began speculating about possible scenarios and the consequences that bring Brexit A week before the referendum on the Stock Exchange there were no obvious signs that Britain will leave the European family – the pound has strengthened. In the case of the release, which it did, provided the decline of the pound by 15 to 20 percent and raised the question – that this country could be the next, and how will this affect the financial turbulence in the euro. The pound has depreciated by 9 percent, which is not recorded since 1985, and the euro has declined by 3 percent. The expected reaction would be greater demand for the Swiss franc, the dollar, and the yen, but the problem is that the financial markets the Swiss franc has less than a euro. Swiss National Bank said it intervened in the market since the franc was under pressure after the decision of the UK to leave the European Union. In a brief statement, the Central Bank indicated that it had intervened in the monetary market in order to stabilize the situation and will remain active. Impacts of the British referendum are limited and secondary. The immediate effects of the current decline in the value of the pound and the euro…

Comments closed