Posted on 10/05/2016 6:55:55 AM PDT by Olog-hai
Britain’s exit from the European Union — whenever it takes place — is a cloud over the economic outlook for both the country and its major trading partners within the 19-country eurozone.
Further evidence emerged Wednesday to show that businesses across the single currency bloc are fretting over the risks, while those in Britain appear to have gotten over the initial shock of the vote to leave on June 23 thanks partly to the plunge in the pound. The drop in the currency, which this week hit a 31-year low against the dollar, makes British exports more competitive.
Both the eurozone and British economies are growing, but not by much and certainly not as fast as they were earlier this year. And both their outlooks are intertwined with what happens next. …
(Excerpt) Read more at hosted.ap.org ...
Fascinating. Thanks for posting. HOORAY Brits. They gave the UNaccountable (socialists) bureaucrats the heave-ho. Enemies foreign, enemies domestic ALERT!
All this is ‘phoney war’ stuff until Brexit actually happens. Present minor economic wobbles have little or no bearing on what might happen then.
You are correct Winniesboy. Thanks. BUMP!
That's something the Euro folks never quite seemed to grasp. Practically all of their member nations are export-driven economies, yet they seemed obsessed with having the Euro currency stronger than the dollar.
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