Brexit and the Boost for Gold
The uncertainty over the referendum ended with the UK voting on June 23, 2016 to leave the EU. After the referendum, opinion is divided among financial analysts and economists about the long term consequences of the event. Those who campaigned for the exit option believe it will be negative only over the short term. In the long run the outcome will be positive for UK, with savings of GBP 8.50 billion per annum (said to be the country’s net contribution to EU) and freedom to pursue its own trade deals.