Brexit and foreign exchange – the consequences

What would Britain leaving the EU mean for FX?

richard-metcalfe
Richard Metcalfe, previously director of regulatory affairs at the UK's Investment Association

With little fanfare and even less comment, the UK's Financial Conduct Authority (FCA) launched a foreign exchange policy team late last year. So what? Well, think very carefully about what this implies for market regulation – in FX itself, but also more widely – irrespective of whether Britain decides to leave the European Union.

The only possible conclusion is simple: those 'leavers' who argue a Britain outside of the EU would be able to set its own – by which they mean light-touch – regulation

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