A straightforward answer to this question would simply be: Badly. Think of those mean high school kids in the cafeteria that don’t let you sit with them to eat your lunch. Well, Brexit might feel the same. Europe would dislike the UK (remember Juncker?) and many EU and non EU countries might just turn out to be our frenemies. But what’s done is done. On 23 June 2016, the UK voted to leave the EU.
Today the global economic calendar is chock-a-block. In the UK, just released data showed that the nation’s consumer credit rose above expectations for August. However, mortgage approvals recorded a drop during the same month. The Eurozone and US data calendars will slowly gather steam as the day progresses. The Euro region has a string of first-tier data points due, in the form of consumer confidence and business climate index. Across the Atlantic, the Federal Reserve (Fed) Chairwoman, Janet Yellen, will speak at a minority banking conference about banking issues, though investors are interested to see if she veers towards any monetary policy related concepts. US weekly jobless claims and personal consumption expenditure data are also due out today.