Market Outlook for Summer Post-Brexit

[kreslik.news]

This article was written by Michael Oyebamiji, an FX analyst with a main focus on G-10 currencies.

In the next couple of days, it will be one month after the Brexit referendum in which the majority voted to leave the European Union. Leading up to the referendum, there were many arguments in favour and against both leaving and staying in the Union.

The most controversial of all was that the UK economy would go into recession, the global economy would also feel the impact, and that the UK might not get a trade deal any time soon. To the surprise of those expecting ... (read more)