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Financial analysts talk about Brexit vote impact on Las Vegas

Posted at 6:56 AM, Jun 24, 2016
and last updated 2016-06-24 22:10:31-04

13 Action News analyst Steve Budin explains how the vote by the people of Britain to exit the European Union could affect the lives of Americans.

The decision of Britain to leave the EU has shocked the world and thrown global politics and financial markets into turmoil.

Speaking with financial advisor Mike PeQueen of High Tower Las Vegas, the impact on the valley's economy is good and bad.
While we may see fewer tourists in the short term from the U.K. because the price of a trip has just gone up by 10%, we could see more American tourists because interest rates and oil prices are down.
The American consumer is going to be paying less for a new mortgage and less at the gas pumps for the next few weeks.
As for local employment, we could see some job loss in businesses that sell products to the U.K.


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