Headlines: Who is winning the Brexit game?

We constantly hear in the news that Brexit harms businesses and hinders their growth opportunities. However, financial markets often work as a zero sum game, which means that the loss of one party is the gain of another. Who are the winners? The winners are the CEO of companies whose pay is tied to the performance of the shares of the company that a currently going up. Specifically, these are companies that perform massive amount of sales abroad and make huge profits when they convert the proceeds of the sales in the plummeting pound. This is actually making the CEO of some multinational companies such as WPP Plc and Smiths Group Plc richer.

Back to top