How Has Brexit Already Affected the Economy?
How will Brexit affect the economy? Many of us seek an answer to this question. With just over eight weeks to go until it starts, we want a clear idea of what will happen – and rightly so!
Luckily, we may be able to determine this. Let’s examine the four key impacts that it has already had on the economy.
In doing this, we can develop a stronger sense of what might happen once we’ve departed from the EU.
Pound Value Fluctuation
At the beginning of last year, sterling was one of the highest-performing currencies. However, it has faced turbulence since. And it’s widely thought that Brexit uncertainty may be one of the causes.
A report from the Office for National Statistics (ONS) revealed that there was no GDP growth in September 2018. Of course, other economic factors – such as inflation – can influence the value of any currency.
But experts predict that the unclear Brexit deal has been a primary influence – and that it could lead to further fluctuations.
If a positive withdrawal agreement is achieved, perhaps it will help to steady and secure sterling’s growth.
A Decline in Export Sales
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