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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.