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What are the advantages and disadvantages of 10 after Britain voted to leave the European Union?
June 24th

Extra! Britain and the European Union parted ways and the global capital market ushered in a disaster day.

The results of the referendum on Britain's withdrawal from the EU were announced, and Britain's withdrawal from the EU camp finally won. Major stock markets and currencies have fallen together, making the global economy face greater uncertainty.

On June 23rd, the day before the result of the referendum came out, the exchange rate of the pound against the US dollar hit a new high in about six months. At the same time, as an important safe-haven asset, the price of gold has declined steadily. These signs indicate that Britain may stay in the EU.

However, since the counting of votes began, the exchange rate of the British pound against the US dollar has been falling all the way, reaching a minimum of 1.3229, a drop of more than 10%, which is lower than the level when Britain announced its withdrawal from the EU referendum in February this year. In addition, the soaring prices of gold and yen indicate that people's risk aversion is increasing.

On the other hand, on the morning of June 24th, major Asian stock markets fell sharply. Hong Kong's Hang Seng Index plunged nearly 980 points, or nearly 4.7%. In the Japanese stock market, the Nikkei 225 index once fell by 8.3%, and the related index futures fell by 8. 1%, which triggered the fuse mechanism and suspended trading for 10 minute. In addition, the Seoul Composite Index of South Korea fell by 3.83%. The Taiwan Province Strait Index fell by 2.36%, and most markets in the world were affected by Britain's withdrawal from the EU.