Pound Crashes as UK Votes to Leave European Union
It appears the UK has voted in a referendum to leave the European Union, causing both celebrations and a crash in the pound’s value to its lowest point in 31 years. UK Votes to ‘Leave’. With results still coming in, at press time (5:30AM UK time) there were 15,580,755 votes in favor of Leave to 14,534,113 votes for Remain, a lead that large media organizations like the BBC conceded was insurmountable. Foreign exchange markets took retribution on the GBP as soon as the result began to swing in the Leave camp, causing it to fall 9% to $1.35, a number it has not touched since 1985. The EU’s....
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The Brexit referendum results are out. With the majority voting to Leave, the global markets have dropped while the Bitcoin and Gold futures register a rise. We finally have some closure with regard to Britain leaving the European Union. The latest Brexit referendum has resulted in over 50 percent of the English voters choosing to leave the European Union against 48.1 percent. The results of Brexit referendum have put the whole bloc into turmoil as many were convinced that Brits would vote to ‘Remain’ instead of ‘Leave’. The resulting politico-economic indecision is being reflected in the....
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.....
As a result of the United Kingdom’s Brexit vote to leave the European Union, American bank JP Morgan/Chase expects that Scotland will leave the UK, and will likely adopt its own currency. In a note to clients, JP Morgan economist Malcolm Barr indicated that Scotland is likely to hold its own successful independence referendum and exit the United Kingdom before the latter’s own departure from the European Union. “Our base case is that Scotland will vote for independence and institute a new currency at that point (2019).” Willie Fleming, director of the Scotcoin Project, an organization....
The people of the United Kingdom have historically voted to leave the European Union making it the first state in the block to do so. I believe the vote to leave was more about getting out from under the dictatorship of the unelected bureaucrats in Brussels who are lording their laws across the continent with little regard for its citizens than a separation from the countries of Europe themselves. This vote has the potential to rock the European Union at its core with speculation now mounting as to which country or countries will be next. Brexit fever has spread across Europe with Italy,....
One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain's exit from the European Union. After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain’s exit from the European Union – popularly known as....