Brexit’s Impact On The UK So Far

It’s now been precisely 109 days since Brexit officially came into effect, so how has the UK fared? We’ll take a quick look; then we’ll dig into the markets and see what’s coming up this week.

How has Brexit affected the UK economy?

The impact has clearly been felt by both people and businesses, although the pandemic has muddied the waters slightly- it’s hard to separate the Brexit impact from the covid impact on the economy.

Time to jump ship?

And things don’t look like improving any time soon, either. Just last week, Bloomberg revealed that over 440 finance firms — including 126 asset management firms, 81 banks and 65 insurers — have already shifted at least some of their business from the UK to Europe.

It’s not all doom and gloom

Believe it or not, the UK economy returned to growth in February, even against the backdrop of Brexit and covid19.

What’s going on in the markets this week?

Another interest-ing week in the markets ahead (you’ll get the joke in a minute). Here’s everything you need to watch out for.

Monday 19th April

● No major events are scheduled.

Tuesday 20th April

● GBP — Employment Change (JAN)

Wednesday 21st April

● NZD — Inflation rate YoY (Q1)

Thursday 22nd April

● EUR — ECB Interest Rate Decision + ECB Press Conference

Friday 23rd April

● JPY — Inflation Rate YoY (MAR)

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