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Which Country Has the Most to Lose from Brexit?

Ireland will bear the brunt of a “Brexit” more than any other U.K. trading partner, according to a “sensitivity index” from U.S. ratings agency Standard & Poor’s.

The ratings agency’s index, released this week, measured goods and services exports to the U.K. from 20 countries most exposed to a potential exit from the European Union – looking at their economies, migrant flows, financial sector claims on U.K. counter-parties and foreign direct investment in the U.K.

British citizens are set to cast their vote on June 23 in a EU referendum to decide on whether the UK should stay in or leave the 28-member bloc, and according to the report, Ireland is the economy that will be most “susceptible to any trade and migratory aftershocks from a decision by the U.K. to leave.”

CNBC [1]

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Craig Erlam

Craig Erlam [5]

Senior Market Analyst, UK & EMEA at OANDA [6]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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