On the anniversary of Brexit – the vote that triggered Britain’s shock decision to leave the European Union, we’ll take a look at where things stand. At the time, the pound sterling went into a tailspin, falling 10 percent versus the dollar, and the FTSE 100 plunged eight percent at one point.
One year since, the FTSE 100 is now up around 18 percent since the vote, a strong performance by any measure. But the pound sterling is down 16 percent versus the US dollar, which is beginning to weigh on consumer spending as inflation starts to bite.
Is there now a greater realisation within the UK that the economy and jobs need to be safeguarded?
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