Next steps in the Brexit saga. Britain in need of 'a cunning plan'

16.11.2018 / 03:31

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The last few days have been relentless in the ups and downs of the Brexit saga. Having been so close to the detail it is time to take a step back and see the framework for the possible paths ahead.

This info graph from the BBC does a good job in detailing the possible options.

It seems to me that, although May is soldiering on admirably, the UK Parliament vote will be no.This will allow 4 options (as per infograph) from here:

1. Leave with no deal
2. Re-negotiate
3. General election
4. Referendum

The pressure will be on for the Tory Gov't to strike a deal rather then risk losing in a General election. Unless there is a move to oust May soon, we appear to be heading for wither a soft or very hard Brexit. That is making trading tricky as they are polar extremes. The problem is that there is no obvious replacement for May. She can weather seemingly any storm without getting too fazed. For now, it looks like we are heading for a no vote and 21 days to come up with a plan. In the words of Black Adder, Britain 'needs a plan so cunning, you could put a tail on it and call it a fox'.

Source: ForexLive

Trader Aleksandar Kumanov

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Next steps in the Brexit saga. Britain in need of 'a cunning plan'

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