Global CFO Survey Says Brexit Won’t Hurt Intended Trade With UK

March 14, 2016 Share Print 0

A British breakaway from the European Union this summer will do little damage to the country’s business ties with the rest of the world, according to a new survey conducted by CNBC.

Chief financial officers (CFOs) from some of the world’s biggest firms were largely sanguine on the outcome of a “Brexit” and how that could affect any current or future trading conditions with the island nation.

Over 70 percent of global CFOs – across a wide range of industries – said there would be “no change” on their perspective on how likely they would be to do business with the U.K. in the event of an exit.

However, 14.6 percent of respondents said they would be “slightly less likely” to do business with the country and 2.1 percent said they would be “significantly less likely.” Conversely, 2.1 percent said they would be “slightly more likely” to form ties with a breakaway nation.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.