Excerpt Forum
What are the Brexit implications on European financial markets?
Brexit is still a major force operating in the Fintechzoom.Com European Markets. The exit of the UK out of the European Union brought about uncertainties on the trade, regulatory alignment and access to financial services. To illustrate the case in point, the financial sector witnessed a certain number of businesses switching out of London in favour of such cities as Frankfurt or Paris to keep the access to the European Single Market. Moreover, there is a possibility of interference in trade relations and tariff, which influences the mood on the market. The British pound has been a volatile currency whose activities have been associated with changes in the Brexit talks. All in all, economic and political repercussions of Brexit continue to put European markets at the edge of their seats.