The pound sterling fell by about 10% against the euro from mid-February onwards. That speaks volumes about the forex world’s concerns about the potential failure of Brexit negotiations. However, there are several reasons to remain somewhat optimistic, all things considered.
Brexit: a marathon theoretically due to end on 31 December 2020
The key dates: 31 January: after three postponements, the UK will formally leave the EU. A transition period running until 31 December 2020 begins, during which nothing will change. Relations between the EU and the UK will remain identical to those that prevailed before.
Countdown to Brexit: 8 days
British Prime Minister Boris Johnson has until 19 October to ask the EU for a third postponement if he fails to get the British Parliament’s support for the latest draft deal. At this stage, things are not looking good for the British government. In the middle of the week, London presented its l...
