Negotiations over Brexit are all the more difficult, the EU is in some ways punishing UK for brexit, so we can see that GBP from time to time moves forward, and then suddenly weakens against the EUR against.UK officials said this morning that Brexit would go very hard and that it would have consequences if the EU did not have an understanding of some concessions.In the event that the EU continues to impose a harsh attitude, the GBP economy will most likely feel that, in the next year, GBP can push downwards, in the end, GBP can weaken even up to 20% against all currencies from this current exchange rate.This will in some ways help the British economy in recovery and competitiveness on the export market, but on the other hand, Great Britain permanently loses in terms of attracting foreign investment, especially from Russia and the Arab world, and we know that Britain is much dependent on them as key deliverers of the world money in the United Kingdom, with a significant share in GDP.It remains to be seen whether Britain will consider its decision to leave the EU at the end of the day, perhaps eventually deciding it to be better in the EU.
Translate to English Show original