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Frexit the new Brexit?

By November 17, 2016FX Trading, Opinion, Government

Frexit in 2017 could be the new Brexit?

Is it all too soon? I know right……We are still getting over Brexit and Trump’s victory.

Well Frexit could potentially break up the European Union. Brexit opened the gates for unexpected change and it looks like the people have spoken.

Marine Le Pen the leader of the Front National Party has proposed a referendum if she were to win power in the 2017 elections. Support for the bloc is declining across many of the 28-member-states with referendums and elections opening up across the continent.

Referendums have rocked the EU over the last few months with Brexit, the Dutch refusing an EU treaty with Ukraine and the coming votes in Italy and Hungary. The floodgates will open in the 28 member union, that’s 11 more currencies to trade if the Euro$ breaks up.

I might be showing my age, but this is back to pre 1999, and the volatility and uncertainty that goes hand in hand. I forsee dark clouds accumulating in the not too distant future, watch this space.

Adrian Jones