With less than two weeks to go until the transition period ends, Brexit talks between London and Brussels are on a knife edge.
Prime Minister Boris Johnson has warned that the most likely scenario will see the UK crash out of the EU without a trade deal. But Michel Barnier, the EU’s chief Brexit negotiator, has expressed optimism that an agreement can be secured – insisting that only a few “stumbling blocks” remain.
Challenges remain even if a deal is made. The proposals will then need to be voted on by MPs in London, as well as the European Parliament. And with the Christmas holidays looming, there isn’t much time to spare.
No matter what happens, the outcome will send shockwaves through the currency markets.
In our humble opinion, European Policy and the Royal Power of England are not aggressive enough to lead to a result that nobody expects. Agreement will be. To a greater or lesser extent, but it will be. If I’m wrong, I’ll admit it in the post-Brexit article. Also, from the very beginning, when the Brexit referendum was held, I assumed that the British pound would strengthen, because the economy and standard of living in England is so good that the country will only benefit from leaving the European Union. The initial problems with customs and free trade will be troublesome, but I think it will be resolved to make life as easy as possible for people and entrepreneurs.