Brexit Heightens Global Economic Risks, Says G20

The UK’s vote to leave the European Union heightens risks for the world economy, finance chiefs have said at the end of the G20 summit in China.

The outcome of last month’s referendum “adds to the uncertainty” for the global economy, the group of the world’s 20 largest economies said.

It urged the UK to remain “a close partner of the EU”, amid concerns Brexit talks could be acrimonious.

Chancellor Philip Hammond said Brexit had come up “a great deal” at the G20.

BBC

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.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
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 BNN. 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