BMW Warns on Negative Effects of Brexit

June 22, 2018 Share Print 0

The car giant BMW has followed plane maker Airbus in warning of the adverse consequences of Brexit.

BMW UK boss Ian Robertson told the BBC it needed clarity by the end of the summer. It makes the Mini and Rolls Royce in the UK.

Earlier, Airbus warned it could leave the UK if it exits the European Union single market and customs union without a transition deal.

The UK government says it is confident of getting a good deal for industry.

The customs union brings together the EU’s 28 members in a duty-free area, in which they pay the same rate of duty on non-EU goods.

via BBC

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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.