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Thread: Brexit : United Kingdom out of Europe

  1. #1
    Senior Member fxtester's Avatar
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    Default Brexit : United Kingdom out of Europe

    Despite the polls and the bookmakers odds, the United Kingdom has finally decided to go out of Europe.

    This is a historic day.

    The consequences :

    - Scotland is already talking about a new referendum to leave UK,
    - North Ireland could also leave UK,
    - Gilbratar too,
    - Spain wants Gilbratar back,
    - European investors will diminush their investments in UK,
    - UK will diminush its investments in Europe (for example 5 billions currently in France),
    - UK economy could shrink between 15 and 30% of its actual GDP,
    - If UK doesn't enter European economic space (like Norway, Iceland, Liechtenstein), it will lose 30 billion per year (8% of the GDP),
    - JPMorgan, HSBC, and other financial institutions already want to withdraw thousands of employees from UK to put them in other places in Europe (like Paris),
    - As the GBP value is decreasing, foreigners could go away, UK has 850 000 polish, 410 000 indian, 340 000 irish, 200 000 italian, 200 000 pakistani, ... a total of 5 millions foreign citizens,
    - Greece could consider again a grexit,
    - Europe will have to revise its project,

    Europe represents half of UK exportations, 500 billions per year.

    Source : http://www.migrationobservatory.ox.ac.uk/briefings/migrants-uk-overview

  2. #2
    Senior Member fxtester's Avatar
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    Default

    Another consequence, North Ireland could do a referendum to join Ireland.

    The old conflict could be revived as english people living in Ireland with the passion of UK would not tolerate that.

  3. #3
    Senior Member fxtester's Avatar
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    The analysts don't understand why Wales has voted for the brexit while it has received a lot of credit from Europe to catch up with England.

    The people in London ask themself to know if it would be better to leave England and join Europe.

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diminush, europe, gbp, gilbratar, investments, leave

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