Brexit - Consequences for the British Currency, Economy, and Market

Aleksandar Gjurovikj

The BREXIT, or the British exit from the European Union, begun with the UK campaign in 2016 in which the UK general public decided on a referendum question. British, Irish, and commonwealth citizens, over the age of 18, who resided in the UK along with UK citizens living abroad, who have been part of the electoral registration in the UK in the past 15 years, participated at the referendum which took place on June 23rd, 2016. The question was “Should the UK remain a member of the European Union, or leave the European Union?”

During the campaign, but in particular after it, due to the LEAVE result, BREXIT caused tumult in the British economy as it caused uncertainty and raised the political risks. The political risks of this calibre usually cause similar effects in every country in the world. The analysis aims to explore the consequences of BREXIT on the British currency, economy and development. It is structured in several sections focused on the short-term, mid-term, and long-term impact on the British currency and economy.

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