Britain’s decision to leave the EU is having a ripple effect on the island nation of Cyprus, where ex-pats and tourism operators are already feeling the pinch. But there may be a more long-term windfall in the finance industry.
Tag: sterling
PARIS — So far, so good. The collapse of the British economy predicted by the former Chancellor of the Exchequer George Osborne, in a case of a Brexit victory, has not materialized. The services sector, which represents 80% of the UK’s GDP even rebounded unexpectedly in August, and business activity recovered its level of March, […]