Brexit and its impact on the Financial Sector

Globalization consists in functioning interactive relations and affairs among global institutions and enterprises. Globalisation process has been preparing to reconstructional changes since the Brexit issue has become a reality. As the Brexit has not been finalised the uncertainty prevails and predictions on variety of consequences and problems are the research object of many scholars and economists. The submitted study presents an overview of the resulting (possible) consequences of a "hard Brexit" scenario. The changes that are occuring in the United Kingdom's economy and financial sector can be observed in economic indicators, financial and investment variables. This study concentrates on a historical evaluation of key variables that may have impact on economy and financial sector in order to demonstrate the evolution of the changes and relationships that exist due to the Brexit. The comparison of economic and financial variables is conducted using data obtained from the Thomson Reuters DataStream and the European Commission. Results of this research have led to contributing and clarifying certain essential facts having an impact on investment decisions of foreign investors throughout the world or the EU member states.