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Hello people...


I am back with just a short Brexit update for you all.


So, I'm sure you are all aware of the latest developments over here in the UK where we have had an extremely eventful election.


On Thursday night it was confirmed that Boris Johnson will keep his role as PM...


But, not only that, he now has a significant majority in parliament.


What does this mean for Brexit I hear you ask?


Well, BoJo is now able to put his deal to parliament once more knowing he has enough MP's in his own party that will be able to get it passed.


So, effectively we should now be able to go on to the next stage of the Brexit process...


Yes, that's right; it's not over yet.


Once the withdrawal agreement has passed (and it definitely should be now), it will allow the government to start negotiating the future trade deal with the EU.


Now, BoJo has said that he believes it can be completed by December 2020...


However, many believe that it will take a lot longer.


Completing a trade deal with the EU takes years typically, and it is believed that this will be no different.


Although I am not so sure...


The UK is coming from a place where they are currently aligned to all EU rules and regulations.


Meaning that they will only need to negotiate certain aspects of a trade deal, which in theory should hopefully make it less time-consuming...


But, regardless of all of that, it seems the UK is now able to make a giant leap towards finally making Brexit happen.


So as I am sure you are already aware we expect the pound to make some giant leaps forward as well.


And, I don't know about you guys, but I that 1.40 level looks attractive right now for cable!


Posted 
December 15, 2019
 in 
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