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No-deal Brexit to end UK-EU relations
12-04-2019 15:45
No-deal Brexit to end UK-EU relations
No-deal Brexit to end UK-EU relations

Looking at the current situation, the Brexit deal is going to be "hard". British Prime Minister Theresa May has got carried away debating with the UK parliament. It seems like she has totally forgotten about another member of the Brexit deal - the European Union. The recent news regarding this important issue included only frictions between the Parliament and Theresa May. However, European Commission President Jean-Claude Juncker said that April 12 was the ultimate deadline for the Commons to approve the withdrawal agreement. It is still difficult to say whether this is the true position of the European Union or just a way to hurry the British parliament up. “I believe that a no deal at midnight on 12 April is now a very likely scenario. It is not the outcome I want. But it is an outcome for which I have made sure the European Union is ready,” the head of the European Commission noted. Given the fact that there is not much time left before the appropriate date comes, the probability of the so-called “Hard Brexit” is now higher than ever. If the British Parliament does not reach a consensus on Brexit, it may lead to serious issues, primarily for Britain itself. “If the United Kingdom is in a position to approve the Withdrawal Agreement with a sustainable majority by 12 April, the European Union should be prepared to accept a delay until 22 May,” Juncker added.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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