Stock market quotes, forex, financial news, forex tools –

The Guardian: there is no more panic in the British economy after Brexit

 Breaking News
  • Session begins with the growth of oil prices Today, oil quotes began to grow at the start of the session. We recall that yesterday, the trading was extremely volatile in nature. So, at 8.04 Moscow time, July contracts...
  • Kevin Mayer to head TikTok TickTock is a growing social network; its main content is short videos. The service belongs to the Chinese company ByteDance Inc. It became known that Kevin Mayer had made a...
  • Uber struggles with the crisis by firing employees Uber Technologies Inc., a well-known American taxi and food delivery company, is experiencing extremely hard times. The letter to employees, sent out by the Uber CEO Dara Khosrowshahi, has fallen...
  • US stock market news Last week, the last trading day ended with a good growth for US stock indices. However, positive Friday failed to “pull out” the extremely bad week. The statistics and the...
  • Oil grows due to the balance expectations The energy market ended the week in a “green zone”. The American WTI crude oil showed two-month highs on Friday. The European Brent did not lag behind the overseas brand...

The Guardian: there is no more panic in the British economy after Brexit

The Guardian: there is no more panic in the British economy after Brexit
August 24
09:00 2016

According to the Guardian publication, the United Kingdom economy is apparently recovering from the panic that was caused by the results of the referendum regarding the country’s membership in the EU (Brexit).

Many economic indicators suggest that the economic activity in the industry, trade and construction is growing.

According to the poll, which was conducted in the industrial sector, export has risen to its highest level over the last two years. The construction sector gives the evidence that the customers are interested in the opportunity to purchase the housing again. The sales figures in supermarkets have increased by 0.3% over the last three months.

According to the publication, at first the results of Brexit led to the fall of the pound sterling and the situation of uncertainty in the market, but soon the consumers adapted to the new realities.

The experts have already changed their pessimistic forecasts about the British economy in 2016-2017.

The Brexit supporters consider this fact as a proof that the predictions about the collapse of the country’s economy in case of the UK exit from the EU were aimed to mislead people.

However, Chris Williamson, the chief economist at HIS Markit believes that the revival of the economic activity in the UK is connected to the severe measures taken by the Bank of England and Ministry of Finance after the referendum.

The Governor of the Bank of England Mark Carney said in June that he was ready to take drastic measures in order to prevent the recession. BBC reported that in August the bank had reduced the interest rate and, in addition, the program of the quantitative easing had been expanded.

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment