UBS Chairman Lays Out His Top Risks For 2017

Political uncertainty is present in almost every country in the world and with the heavy election year in Europe it will be “the dominant factor” in 2017, the chairman of UBS told CNBC on Tuesday.

“Political uncertainty is now the name of the game, almost in every country,” Alex Weber, chairman of the Swiss bank UBS told CNBC on Tuesday in Dubai.

“In Britain we’ve seen that over the last summer,” Weber said referring to the country’s vote to leave the European Union. He added that this uncertainty has now spread to Germany, France, the Netherlands and Italy where voters will soon choose new leaders.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.