Next week (Tuesday?) we're going to finally know the end of the story.
In any case, if UK and EU do not reach an agreement before the end of the month, the UK will be forced to leave the European Union because of the Treaty(ies) of the European Union. (hard brexit).
What I wonder is
- Is The UK ready: not only economically (what will be the cost and most important who will pay!) but I feel like there is nothing prepared for. For example, what about the people living in Europe, would they become immigrants since they won't have any legal paper to reside in the country? What about the companies, several banks are moving their offices outside The UK. It looks like a mess already, even 2 ministers resigned
- What about Ireland/North and Scotland?, they should take this opportunity to ask for their independence
- GBP could lose its value easily with 15%-20% (ok I may exaggerating a bit with the % but it's the scenario I am betting for)
Hey this is a really sad scenario for the UK people, and all whore currently residing there as students, workers. I believe UK shall suffer badly in terms of monetary losses, and therere chances it shall lead to chaos out there. Therere also talks of an elections, and it seems UK Pm Deal is going to be rejected, things dont look good for the UK Pm. I dont think this is a good time for them to ask for independence, also I feel GBP would drop 5 - 10% not more but a good opportunity to short it.
Link:
https://www.bbc.com/news/uk-politics-46853689