The United Kingdom leaving the European Union affected global markets immediately. The final Thursday, June 23 vote in favor of the UK leaving the EU was 51.89 percent to 48.11 percent.
The historic vote to leave the politico-economic union, made up of 28 European states, has deeper implications, spectators say, which will affect interest rates, stocks, and lenders in America.
According to CNN, “Stocks got hammered amid the panicked mood. Shares in London got off to a brutal start before recovering some ground to trade around 5 percent lower. A broad gauge of European blue-chip stocks index sank around 6.5 percent. Bank stocks took a particularly heavy hit as multiple lenders across Europe nosedived more than 15 percent. Central banks in the U.S., U.K. and the Eurozone said they were ready to provide support as needed.”
Are you concerned the UK vote to leave the EU will financially affect you?
