Supporters of the campaign to get Britain out of the European Union are touting the prospects for trade deals around the world. The true prospects, however, are far from benign.
Global currency markets deliver a tumble for sterling.
Peter Ashley-Jackson/Flickr
Oddly enough, London’s mayor will have been cheered to spark a sell-off in the pound when political colleagues barely raised an eyebrow on skittish markets.
Eunice Goes, Richmond American International University
There are almost no scenarios under which the UK could be completely independent from Brussels. No wonder the out campaigns are so vague on the details.
The credit-ratings agencies are already circling to cut the UK’s grade if it votes to leave the EU. Here’s how their calculations work, and what we should do about it.