05.11.201817:58 Forex Analysis & Reviews: May managed to remove the Irish issue from the Brexit agenda

Long-term review

Exchange Rates 05.11.2018 analysis

British Prime Minister Theresa May has made concessions from Brussels that will allow Britain to remain in the customs union and thus avoid the most difficult issue of the Brexit talks, the subject of the Irish border. Now, the customs border will not be held either between Ireland and Northern Ireland, nor between Northern Ireland and the island of Great Britain.

Brexit's chief negotiator for the European Union, Michel Barnier, said that the EU agreed to customs control not at the border, but directly at the factories and at points of sale.

In addition, Theresa May intends to achieve the conclusion of an economic transaction with the EU, which will allow the United Kingdom to conduct free trade with EU countries on the "Canadian model". According to this model, the UK will have the freedom to make decisions regarding domestic and foreign trade, and will also be able to create an effective and balanced migration mechanism that will stop the free movement of labor.

Tatiana Strelkova,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
Can't speak right now?
Ask your question in the chat.