“In addition to uncertainty about what’s going to happen, now there’s uncertainty about when it will happen.”
No one can afford even the smallest hiccup in derivatives.
“Peak Tourism” has already set in. Brits account for 22% of tourists in Spain. Now add Brexit.
The stakes are enormous.
City of London Just Lost a $240-Billion-a-day Financial Market.
A high-risk blinking contest no one wants to lose.
Potential for ugly consequences, intended or otherwise, is rising.
The crashing pound as the “de facto opposition” to the government’s policies.
But don’t just blame Brexit.
So are they going to spend less?