| Author (Person) | Alam, Nafis |
|---|---|
| Series Title | The Conversation |
| Series Details | 10.10.16 |
| Publication Date | 10/10/2016 |
| Content Type | Journal | Series | Blog |
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In the uncertain atmosphere of what Brexit actually means, the pound is therefore being driven downward by politics, as much as economics. How low it will drop is tricky to predict. The only thing that is certain is that its fate will remain extremely sensitive to the statements and emotions of both British and EU leaders on how the Brexit process unfolds. If currencies are an expression of national sovereignty, they also epitomise the limits of such sovereignty in an open economy. The value of the currency is clearly correlated to Brexit and has been consistently indicating uneasiness about what looms ahead. |
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| Source Link | http://theconversation.com/market-jitters-and-brexit-uncertainty-magnifies-the-chance-of-a-flash-crash-66699 |
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| Countries / Regions | United Kingdom |
