I was asked to write an opinion piece for efinancialcareers.com on how the U.K.’s vote to leave the EU would impact global hiring in the financial services industry. As with most major international events, there will be winners and losers within the financial services industry as things shake out. However, employers do not like uncertainty, and there is a lot of uncertainty at the moment, so hiring for now will slow as employers take a wait and see attitude.
In fact, neither the shorter- or longer-term implications of the Brexit are known at this time, as the process has not even begun and could take more than 2 years. British politics is in turmoil, as it looks like the leaders of all three major parties will be replaced, and the British Pound has dropped to a 30-year low versus the U.S. dollar.
While world stock markets have recovered from their initial shock, expect continued volatility through the usually slow summer and into the lead-up to the U.S. election in November – which itself is shaping up to be another wild card.
Click here [1] to read the entire article and potential financial services winners and losers from the Brexit.