Brexit has started a movement? - BBH
|Research Team at BBH, suggests that an issue on the lips of many is whether Brexit has started a movement.
Key Quotes
“Will it be a shot in the arm of those forces that went to exit the EU themselves? Is there some global meme that links the UK decision to leave the EU and the election of Trump as the next US President? Nationalism does appear to be contagious, especially its exclusive variants, but the roots are domestic, even if it cannot be simply reduced to economic self-interest.
If the market underestimated the strength of the anti-elite and anti-immigrant nationalism, it may also fail to appreciate the commitment to the European Project. This may an even more powerful impulse now that it has been attacked. Perhaps an indication of this type of response may be found on the website of Italy's 5-Star Movement (5MS), which has been critical of the EU. According to reports, 5MS has stepped back from its previous calls for an EMU-referendum and now seems inclined to transform the EU from within.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.