Britain is voting today on whether to stay or leave the European Union. Creighton University Economist Ernie Goss says a vote to leave will impact the world’s economy. He says that impact will be felt right here in Nebraska.
Goss says, “It has increased the value of the dollar as investors leave Britain and move to the U.S. It tends to push down agriculture commodity prices. It makes our goods less competitively priced abroad, whether it is in Britain or Canada. It does inhibit our ability to export so that is one of the main impacts for Nebraska.”
Goss says if they choose to leave the E-U, there will be a lot of money flowing into the U.S. market and that would lower our interest rates. Goss says we won’t get the first indications of the vote until about 10 p.m.