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Life After the 2016 Brexit Referendum

Since the Brexit referendum on the 23rd of June 2016, there has been a great deal of press commentary surrounding Britain’s economy. A report written by the Governor of the Reserve Bank in Australia and the Chairman of the Council of Financial Regulators (CFR) predicted a sharp depreciation in the British Pound however the United Kingdom’s GDP showed a growth of 0.6% between July and September.

Following a speech outlining a 12 point plan for Brexit, in which British Prime Minister Theresa May explained “We do not seek membership of the single market. Instead we seek the greatest possible access to it through a new, comprehensive, bold and ambitious free trade agreement” the value of the pound experienced its most dramatic daily rise against the US dollar since 2008.

For more information on Brexit, follow the links below:

Brexit: Theresa May tells EU that ‘no deal is better than a bad deal for Britain’

The EU has more to lose from hard Brexit than the UK, Mark Carney says

Crash was economists’ ‘Michael Fish’ moment, says Andy Haldane

Theresa May’s Brexit speech in full: Prime Minister outlines her 12 objectives for negotiations

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