Currencies to watch in the wake of the ‘Brexit’ referendum
On the 23rd of June the United Kingdom will hold a referendum to decide whether it should remain in the European Union or whether it should leave. A potential leaving of the European Union by the UK has been dubbed ‘Brexit’ and the polls are currently suggesting that it can go either way. This uncertainty has weighed heavily on the British pound since the beginning of the year and is poised to spark strong volatility in Britain’s currency in the wake of the referendum, regardless of the outcome. This in turn creates the opportunity to generate strong trading profits in the currency market.....
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Dr. Craig Dalzell recently authored a discussion paper titled ‘Scottish currency options post Brexit’. This paper was written for a Scottish Think Tank called Common Weal. In the paper Dr. Dalzell discusses the ramifications of a possible Scottish currency after Brexit. There have been calls for another Scottish referendum seeking independence from the United Kingdom, after the UK in its own referendum voted to leave the European Union. Just after the results of the Brexit referendum were made known, Scotland’s First Minister Nicola Sturgeon announced her intention of holding a second....
The price of bitcoin is rising at press time, passing the $650 mark just a day after dropping to a weekly low of $550. Though there were suggestions the volatility could be tied to any number of recent indicators, at press time, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK appears increasingly likely to leave the European Union. The UK’s ongoing EU membership referendum, in which voters were asked whether the country should stay (‘Bremain’) or leave (‘Brexit’) the European Union, has....
Here's what's on for the weekend in the bitcoin price, in the wake of the referendum out of the UK. The dominating topic for the day has been the British referendum, and the ensuing decoupling of the UK from its European Union counterparts. Chances are that this topic will dominate global economic news (and in turn, equities and other financial asset market sentiment) for the next few days, making it difficult to predict what’s going to happen in the price of (what are essentially speculative, when it comes to this sort of underlying fundamental) assets such as bitcoin. Having said this,....
In the wake of Britain’s exit from the EU, there have been calls from many for ‘Londependence’, the Brexit-esque name for a referendum of London’s membership of the United Kingdom. Londoners voted 59.9% to 40.1% to stay in the EU. CoinTelegraph investigates the economic impacts of Britain’s exit from the EU and why this extremely radical idea may actually be a potential solution. The pro-Remain metropolitan capital. In a graphic published by the Telegraph outlining the vote breakdown on the EU referendum by regions, it is plain to see that Scotland, London and Northern Ireland were all in....
Tomorrow's Italian Constitutional Referendum may turn out to be a good thing for Bitcoin, irrespective of the outcome. The economic condition of European Union nations hasn’t been that great so far. Be it the Greek financial meltdown, Spain’s tryst with the economic crisis or the latest Italian banking crisis. As Eurozone jumps from one crisis to another, the latest one lurking around the corner is the Italian Constitutional Referendum. The referendum to make constitutional reforms is a significant development in the European Union after Brexit. The Italian Constitutional Referendum, set....