I’m sure you have already heard all about it but here it is once again:
The United Kingdom held its referendum on whether they should remain or leave the European Union last week. The result has greatly impacted the economy and has its consequences. Even though nothing has actually happened, confidence has been shaken and the markets are in yet another event of turmoil. The pound fell more than 11% against the US dollar after the results were revealed. Barclays is now worth 18% less and the RBS stocks fell even lower at 23%. Prime Minister David Cameron has abandoned ship, The UK are now faced with having Boris Johnson as its leader. And the only one that seems to be laughing is Nigel Farage.