Ireland will bear the brunt of a “Brexit” more than any other U.K. trading partner, according to a “sensitivity index” from U.S. ratings agency Standard & Poor’s.
The ratings agency’s index, released this week, measured goods and services exports to the U.K. from 20 countries most exposed to a potential exit from the European Union – looking at their economies, migrant flows, financial sector claims on U.K. counter-parties and foreign direct investment in the U.K.
British citizens are set to cast their vote on June 23 in a EU referendum to decide on whether the UK should stay in or leave the 28-member bloc, and according to the report, Ireland is the economy that will be most “susceptible to any trade and migratory aftershocks from a decision by the U.K. to leave.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.