The impact of the EU Referendum goes well beyond the shores of the UK but impacts many other currencies. Here are the forecasts from Credit Agricole, with a thorough explanation: Here is their view, courtesy of eFXnews: The initial impact of a Brexit on EUR should be negative as fears about the growth outlook and the integrity of the EU will fuel expectations of more ECB easing. That weakness should manifest itself mainly vs safe haven, non-European currencies, however. We doubt that Brexit will precipitate the demise of the EU or the Eurozone and we do not think that the EUR-weakness will be sustained over the longer-term, however. In addition, portfolio outflows and earnings repatriation from the UK should support EUR/GBP while risk aversion could prop up the EUR against risk-correlated and commodity G10 currencies. USD may well fare the best given its superior liquidity and the fact that a Brexit could delay but not derail future Fed tightening. This will also be consistent with the experience during the 1992-1993 ERM crisis when the USD rallied across the board, supported by risk aversion and growing rate hike expectations ahead of the 1994 Fed tightening cycle. A Brexit will deal a blow to market risk sentiment and support the safehavens JPY and CHF, with the former likely to outperform the latter. Both may lag behind the USD over the longer-term, however, especially if there is further central bank action to prevent unwarranted FX appreciation, like further easing or outright FX interventions. Brexit could trigger a bout of global risk aversion and weigh on AUD, CAD and NZD even though the impact should be less pronounced than in the case of the Scandies. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next GBP/USD suffers 3 Brexit Blows – hovers over low support Yohay Elam 6 years The impact of the EU Referendum goes well beyond the shores of the UK but impacts many other currencies. Here are the forecasts from Credit Agricole, with a thorough explanation: Here is their view, courtesy of eFXnews: The initial impact of a Brexit on EUR should be negative as fears about the growth outlook and the integrity of the EU will fuel expectations of more ECB easing. That weakness should manifest itself mainly vs safe haven, non-European currencies, however. We doubt that Brexit will precipitate the demise of the EU or the Eurozone and we do not think that the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.