Brexit - Financial Market & Institutions
In June 2016 majority of British citizens voted to withdrawal from the European Union (EU). Since then there has been immense debate over the impact of the withdrawal on the UK, other EU countries, and the EU as a whole. One of the areas where the withdrawal may have a devastating impact is the trading market. Focusing on the market perspective, this essay discusses the impact of Brexit on the trading market. The essay also considers the implications of the exit on the pound.
UK's trading market occupies a crucial position in the economy of the UK, the EU, and the world at large, meaning that Brexit could have catastrophic impacts on the market. Contrary to what many expected, the stock market was insignificantly affected following the referendum. Nonetheless, this does not necessarily mean that the outcome would be similar if Brexit actually happens. According to Stevenson (2017), there may be no significant impact in the early days, but there could be cycles of stock market volatility as the negotiation...
Brexit: The Causes of the British Vote to Leave the European Union Brexit was the referendum vote that saw the United Kingdom pull out of the European Union. The European Union (EU) is a 29-member state Regional Trade Agreement bringing together various European nations. The formation of the union saw the elimination of most barriers to the movement of labor, capital and goods between the member states. It harmonized the laws,
One of the greatest blows to the European Union has been the vote of one of the Union’s key members, Great Britain, to exit the EU in a measure known as Brexit. The resolution was passed by only a slim majority of the British public. Concerns about the stability of the Union as the United Kingdom begins to make its slow break from the fold were heighted recently, according to
Political unrest is a worldwide occurrence that manifests itself for brief or long periods in many nations. One nation Greece, witnessed political unrest due to globalization efforts. The 2016 article, "Glocal' disorder: Causes, conduct and consequences of the 2008 Greek unrest" by authors Sappho Xenakis and Leonidas K. Cheliotis examines the Athens-based political unrest and its spread to other Greek cities in late 2008. The authors sought to understand why
European Union External Relations Law The European Union (EU) is a political and economic union among 28 European nations that spans most of the continent. Created following the end of World War II, the EU was initially focused on promoting free trade between member states in order to improve their standards of living and reduce the likelihood of future conflicts. As a result, the European Economic Community (EEC) was created pursuant
Six Reasons the European Union Will Not Last Introduction The European Union (EU) is the heart and soul of modern Europe, yet it is not without its challenges. Whether it comes to trade issues, member states failing to follow regulations, or immigration issues, the EU has no end of problems that arise from year to year. This paper will describe a few of the challenges and show why the larger issue of
Brexit Introduction On June 23, 2016, a referendum was held in the United Kingdom, where voters were asked to decide between remaining in the European Union or leaving it. The vote was close – 51.9% voted to leave and 48.1% voted to stay, and the turnout was 71.8% (Hunt & Wheeler, 2018). The terms of the vote were that the UK was to leave the EU by March 29, 2019, and at
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