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Home BUSINESSUK referendum caught markets by surprise: OP
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Sat, 25 Jun, 2016 12:04:47 AM
FTimes – STT Report, Jun 25
 
OP's Chief Economist Reijo Heiskanen. File Photo – Lehtikuva.
The chief economist of the OP Pohjola financial group Reijo Heiskanen said that Britain's exit from the EU came as a clear surprise to the markets.
 
The markets according to Heiskanen were calm that the United Kingdom would remain the EU.
 
The surprise was evident immediately when the pound lost its value and the drop in share prices, Heiskanen said.
 
According the OP chief economist, what is significant is how greatly uncertainty rises.
 
Heiskanen believes that uncertainty in the markets would affect Finland in the short term because the UK's exit may weaken the export economy.
 
“I believe that the impact is negative but not very huge from the perspective of Finland,” Heiskanen said.
 
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