«Market Leader» - news and previews making you rich.

 

As you probably know, the United Kingdom is going to quit the European Union. At the same time, the UK definitely wants to retain its economic ties with the EU after the so-called Brexit, Masterforex-V Academy experts say. When it comes to economic relations with the European Union, Great Britain can follow the example of Norway, Switzerland, Turkey, or the WTO.

After Putin and Erdogan made steps toward reconciling Russian and Turkey, the Russian folks changed their mind as well. Not so long ago, you could see most Russians being hostile to everything that comes from Turkey. Now, this is no longer the case. At least it seems so.

Some experts say that the so-called Brexit may eventually result in the disintegration of the United Kingdom. In particular, Scotland has already made a call for another referendum on independence from the United Kingdom.

 

More and more experts working in the oil industry start discussing a new wave of price dumping initiated by Saudi Arabia. That thing is that a couple of weeks ago, the Saudis dropped their oil export prices to Asian countries by 0.7-1.3 dollars per barrel.

 

As you probably know, London is getting ready for the Brexit after the people of Great Britain chose to quit the European Union during the Brexit referendum held on June 23^rd 2016.  

 

Shortly after the results of the Brexit referendum were announced, Standard & Poor's Global Ratings made several steps aimed at cutting the ratings of multiple British banks. This was done in order to show the world that the economic risks in the United Kingdom are growing and the entire British banking system is now in jeopardy.

 

According to Mark Carney, Governor of the Bank of England, the Brexit-related risks have already started implementing themselves. That’s why he predicts increased volatility in the local economy and financial markets.

 

To be more specific, the BOE Governor assumes that the risks associated with the UK’s decision to quit the European Union are already there and affecting the entire economic and financial system of Great Britain. This is what is said in the recent report on the UK’s financial system, which is released twice a year by the Bank of England. The thing is that the Brexit is eventually going to trigger a long-term period of economic and financial uncertainty in the United Kingdom, which will make the UK adapt to a new reality.

As expected by many international experts, the Brexit referendum results have had a serious impact on many of those international processes. According to Bloomberg, this is going to be the key reason for the Federal Reserve to delay another interest rate cut until 2018.

 

According to the analysts of J.P. Morgan, one of the biggest banks in the USA and the entire world, Scotland will hold a referendum to quit the United Kingdom and get complete independence. By 2019, the local authorities will have introduced their own national currencies to replace the British Pound. This is what The Daily Telegraph reports with reference to Michael Barr, who is the the leading expert at J.P, Morgan.