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Valdis comments on Britain and the internal market

Valdis Dombrovskis, European Commission's Vice-President, stated in an interview that, the British nation's decision to leave the European Union would place pressure on the City of London.

Valdis commenting on the European internal market

In the scenario where Britain's government decides to leave the European internal market too, then such a condition could create devastating effects for the City of London, Dombrovskis highlighted further.

The banks in the U.K will lose their ''passport'' right in having the license for one EU state, active in all member states, should the nation no longer meets the European internal market's rights and duties.

How will the traders go about with the sterling, in the scenario of Britain either leaving or remaining being part of the European internal market?

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Thursday, 08 Sep, 2016 / 12:39

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/valdis-comments-on-britain-and-the-internal-market

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