TJ 160: Brexit and the FOMC

Join Tim and Matt as they break down the Brexit: what it is, and what it may mean for the UK and the EU. The United Kingdom's future membership in the EU is currently in question, with a referendum vote being held on whether to leave the EU later this month. Those in favor of leaving the EU cite gaining full control of country  policy once again, while those in favor of staying fear the potential economic repercussions of losing free trade status with the EU. Either way, the potential of a Brexit has hit the Pound Sterling as investors short the currency ahead of the vote. Its potential effects even reached across the pond to being one of the reasons the FOMC is hesitant to raise rates in June due to international market instability, with a rate increase in the US possibly further adding to global market volatility.