Personal Finance

How will Britain's exit effect the Euro?

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  • Jun 24th, 2016 4:56 pm
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[OP]
Sr. Member
Jan 19, 2013
767 posts
79 upvotes
Surrey

How will Britain's exit effect the Euro?

Hey guys going to Europe soon and wondering if you guys think the Euro will take a dive like the pound? I know nothing about currency's, I just need some advice.

Thanks
3 replies
Newbie
Mar 27, 2009
75 posts
38 upvotes
Toronto
It is difficult to predict. Yes - the GBP has fallen to its lowest value since 1985, but it is expected to bounce back. It is unlikely that Britain will formally leave the EU for another two years, so any permanent, profound impact would happen after that.
Sr. Member
Jan 16, 2010
564 posts
120 upvotes
I think both will take a dive in the short term as there's going to be uncertainty for the future of the UK, and the future of the EU. In the long term, it really is unknown how this will play out. This could lead to a slow/not-so-slow collapse of the EU as anti-EU groups within other countries might feel emboldened by the vote. Conversely, Britain and the EU could negotiate economic agreements that keep trade relatively open, and things will bounce back if that happens.

Too early to tell.
[OP]
Sr. Member
Jan 19, 2013
767 posts
79 upvotes
Surrey
Thanks for the replies. I need to get the euros by Thursday, I'll see what happens....

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