With a victorious vote out of the European Union, Brexit has caused the sterling pound to collapse to lows as low as 1985 as U.K. stock futures plunge something that we previous warned about a month ago. That Brexit could cause the Sterling and EU to collapse.
George Soros also warned that a YES vote to leave the EU would cause a currency crisis and he invested his money into gold.
As a result of Brexit, Gold and the YEN has also skyrocketed in value, Gold jumped 8.1 percent or $1,358.54 an ounce. Soros just made off like a bandit.
while the Euro slumped 3.3 percent and other countries currency markets around the world plunged even worse.
An expert in Asia John Woods, chief investment officer for Credit Suisse Private Banking said.
“It’s highly likely that we see monetary easing in a coordinated response from central banks across the world”
This vote is being felt around the world the effects are rippling both economically and consciously although the effects may be felt in the pockets, this is a huge victory for Britain.
That's what half a trillion dollars in losses looks like.
99% of AsiaPac stocks down #Brexithttps://t.co/zj7rM7TEJ3 pic.twitter.com/O3bZa4I8By— David Ingles (@DavidInglesTV) June 24, 2016
The post Brexit Cause’s Pound Collapse Ripples felt Worldwide (LIVE BLOG) appeared first on We Are Change.
from We Are Change http://wearechange.org/brexit-causes-pound-collapse-ripples-felt-worldwide-live-blog/
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