Post-Brexit Analysis: Near and Long Term Implications for the Forex Industry
Posted: Thu Jun 23, 2016 10:08 am
Finally, after months of anxious waiting, the Brexit vote is behind us. And boy did it feel good to see the British pound rallying into the close of polls, and reading the results from a YouGov on-the-day poll announcing that the remain campaign has won. Even Nigel Farage has conceded defeat twice, relying on independent exit poll data from his close associates in the financial industry.
But the comfort wasn’t meant to last. Shortly after the first regions started reporting the tally of the votes, the market has started discounting the risk that a Brexit might actually be possible. By ... (read more)