Brexit has started a movement? - BBH

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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