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Brexit, “Day One”

June 24, 2016
By Michael Cader

As you surely know already, the UK’s surprise vote in favor of exiting the European Union has left people all over the world trying to figure out the ramifications of a process that could take 2 years or more to actually execute. The most immediate impact is in financial markets, which abhor uncertainty and look to put a price on the outcome of that process before it has even begun. And the trading effect is twofold — altering equity values worldwide, primarily downward, while also driving currency exchange fluctuations, there primarily lowering the value of the British pound against other […]

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Filed Under: Finance

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