The Economic And Financial Costs Of A Brexit Are Material For The UK: BlackRock

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The Implications Of A Brexit – The Impact Of A “Leave” Vote

BlackRock’s Ewen Cameron Watt explains the potential implications of a British exit from the European Union. On June 23, U.K. voters will have to answer this question: “Should the United Kingdom remain a member of the European Union (EU) or leave the EU?” The result of the referendum may be a close call, and uncertainty about the outcome is already having an impact on the U.K. economy. On February 22, for instance, the sterling tumbled to a seven-year low against the dollar, according to Bloomberg data, after London Mayor Boris Johnson came out in support of the “leave” option.…