Today's Big Stories

Britain's vote to bow out from EU creates volatility for currency markets

Britain has voted to leave the European Union (EU) following the results from the landmark referendum.

Political analyst Daniel Silke explains that the current political uncertainty creates a volatile environment for emerging and financial markets.

This creates instability and volatility of currency markets.

Daniel Silke, political analyst

He says that the outcome leaves many questions unanswered for the future of the UK's trade agreements.

Will they afford the UK the same preferential trading regimes that were part of the EU? What does it mean for British companies that export to the EU and the tariff on good?

Daniel Silke, political analyst

According to Silke, other European countries will have to re-enter trade negotiations wit the UK.

At the same time, exports from South Africa to Europe may also be negatively affected.

Silke says that the outcome is part of a growing global trend for the electorate to ignore the political establishment and take "the independent line."

Listen to the full conversation:


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