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In a stunning move, Britain has voted in favor of what is popularly called Brexit, meaning a British exit from the European Union.
The nation held a referendum on whether it should remain in the EU or leave it. And the vote, which has significant consequences for the island country and for the eurozone as a whole, was to leave — by 52% to 48%.
In the United States, the question of its impact is a matter of debate. Some, like Chuck Fulkerson, director of education at Online Trading Academy, think it will have a short-term, fleeting impact.
“The Brexit will not mean all that much in the U.S. recovery in the grand scheme of things,” says Fulkerson, who’s an investment expert and market analyst.
Others, like Alan MacEachin, Navy Federal Credit Union corporate economist, aren’t so sure.
“There could be a massive capital flight to safety, which implies a significant inflow of funds into U.S. Treasury securities, which could drive interest rates lower in the U.S. and also boost the value of the dollar,” MacEachin says.
Here are 5 ways Brexit affects Americans.