Britain'S Risk Market For Euro Retreat Can Not Be Underestimated.

The pound fell to 1.4 against the US dollar for the first time since March 2009, following the impact of Britain's withdrawal from the EU.

Analysts warned that the market could not be underestimated for the risk of Britain's retreat from Europe.

Citigroup said in a report that so far, polls show that the British people are more likely to vote in the European Union. It is expected that the evolution of events from now until the June referendum in Europe will shift the focus of the debate from the relationship between Britain and the EU to the economic and political risks of Euro retreat.

In view of Johnson (mayor of London Boris Johnson) and Gove (British justice minister Michael Gove) and other heavyweights supporting the decision to withdraw from Europe, we now expect the possibility of returning to Europe to 30%~40%.

The market will also become increasingly nervous.

The comments of Scotland's chief minister, Nicola Sturgeon, also highlighted the risk of Britain's retreat from Europe.

He said at the weekend that he would almost certainly hold second Scotland independence after the British vote in Europe.

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In addition, Citigroup also said that such a relationship between the UK and the EU would cause concern that other governments would follow suit, leading to fears of withdrawal from the EU in France and Holland.

In this way, the impact of the British referendum on the European Union is far from limited to Britain.

Wall Street knowledge also mentioned yesterday that as the British withdrawal from the EU continues to worry, the market is worried that this may affect trade and other EU Member States.

Renegotiation.

Last Sunday, Johnson announced that it would support

Leaving the European Union is undoubtedly a big uncertainty for the outcome of the referendum to be held in June.

The Westpac bank said that even if the polls tend to stay in the EU, sterling will be vulnerable to other currencies.

The failure of the Bank of England to raise interest rates may also put downward pressure on the pound.

According to Bloomberg's survey of 34 economists, as many as 29 believe that the British pound will withdraw from the EU in the UK and explore 1.35 or even lower positions in the EU this week, which will be the lowest position that the pound has never touched since at least 1985.