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- Euro could rise even if Brexit happens, according to some analysts
Euro could rise even if Brexit happens, according to some analysts
Mizuho Bank chief economist Daisuke Karakama says in a note that euro may soon gain ground, even assuming that Britain votes to leave the Europe Union later this week. Should Britain vote to exit the EU, the euro would likely strengthen against the pound, but weaken against the dollar. Karakama says the euro would likely fall to around $1.10 (it's now at $1.1345) should Britain exit, but "such a move [would] be only short-lived." Karakama says he doesn't think a Brexit would meaningfully weaken the European Union's political power, adding that U.K. has often sought special treatment in the E.U. and hindered the bloc's decision making
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