Tag: Borro

[Borro in Luxury Daily] Luxury assets immune to Brexit fallout: Borro

United Kingdom-based secured lender Borro is predicting hard luxury assets, including art and classic automobiles, to be tangible stores of wealth in the aftermath of the European Union referendum. Last week on June 23, U.K. citizens voted to leave the EU as the referendum passed with 52 percent of voters choosing to exit, the news of which caused a $2 trillion hit to global stocks, the pound to fall 10 percent to the dollar and the euro to drop 3 percent. Britain’s secession from the political-economic union will be a two-year process, but the impact of this time of uncertainty has been immediate. Read more on Luxury...

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