ESM’s Regling sees Brexit as a bigger problem for UK, markets agree

European Stability Mechanism MD, Klaus Regling sees Brexit as a bigger problem for UK than the rest of Europe.

Financial markets seem to agree with Regling, which is evident from the early Asian session sell-off in Cable and a lackluster action in the EUR/USD pair.

Regling added further that the rise of populism in Europe and US is not good sign for global trade and cross-border cooperation.