Billions Lost As UK No Longer 5th Largest Economy

The voters in the UK spoke and now the markets are responding. Within less than 2 hours, the value of the pound had dropped to a thirty year low. Britain was no longer the 5th biggest economy in the world and the damage looks to continue.

Dennis de Jong, managing director of UFX.com, said: This is simply unprecedented. The pound has fallen off a cliff and the FTSE is now following suit. Britain’s EU referendum has been a cloud hanging over the global economy for the past few months and that cloud has got very dark this morning.

The impact is expected to be felt markets around the globe.  But hey they voted for “change,” and most without thinking about the consequences. - Jan Harrison

Read more at The Huffington Post