The BREXIT negotiations are getting complicated. London is
trying to play smart and get independent migration politics as well as united
market with EU.
EU is standing against it saying that one is not possible
without the other. With that rhetoric Brussels is ignoring the economic theory
that everybody profits from the free market for political reasons.
In the British
point of view, we can understand it in a way that the Brussels will rather hurt
itself economically then to step back from its migration politics. And this
definitely won’t help the exchange rate of the pound.
Nevertheless considering
this year nothing changes: We still count with an appreciation of the pound. (Currently, British industry
is profiting from the weak pound.)
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