What was going on? On June 23, 2016, 52% of British voters chose to leave the EU. A lot has happened in the 1,317 days following: Prime ministers stepped down, proposed deals came and went, ceremonial maces were grabbed. But tonight (Jan 30, 2020), at 11pm London time, Brexit is actually, seriously, indubitably happening. What lies…
Tag: brexit
Journal Report 4: The British Pound As Brexit Approaches
What’s going on here? When it came to the switch from currencies to the euro, the Germans gave up their Deutsche mark, the French franc disappeared, and the Dutch guilder was no more, the Greeks gave up their drachma, and the Italians retired the lira. However, the British pound remained the currency of choice for…
Ep 35: Take It To The Bank
What’s Going On Here? The Bank of England (BoE) followed its US counterpart in keeping the UK’s interest rates unchanged. But despite lowering its economic growth forecast, it may still increase rates later this year. What Does This Mean? The UK’s central bank now think the country’s economy won’t grow at all this quarter (compared with its 0.2% growth prediction in March). A still-uncertain Brexit…
Ep 22: Sinking Island
What’s Going On Here? The UK’s manufacturing output in April fell by the most in over 17 years; The British economy shrank. What Does This Mean? British manufacturing production in April fell by 3.9% compared to March. Brexit was partly to blame. With the UK initially planning to leave the EU in March, companies stockpiled goods in anticipation of potential supply shortages, helping…
with HT 