The EU should either agree to the UK Brexit extension until before the EU election or agree to give the UK an extension until the end of the year, in which case, UK has to participate in the EU election.
"UK government has lost its internal control of Brexit. The UK as a country has now lost control of its options. This is unprecedented and dangerous for Financial markets."
UK is not naive, they play the limit of patience of the EU.
Maybe they get more than the offer.
In the trade off between protecting European.exports to UK and getting UK companies in Europe, I think it's better to get UK companies since those companies want our market!!! Getting for free the UK know-how would be amazing for Europe and lower exports will be fixed by high employment in Europe due to new companies setting in Europe. China has a principle in this situation: contain the risk, so Europe must go for a no deal brexit and isolating the risk.
With heavy GBP exposure, in Fx markets, we as investors/traders are very concerned at veto from one+ of EU27 deciding to take some shared the economic pain within the Union, in order to avoid the contagion of UKs political chaos and emerging anarchism into mainstream EU.
UK government has lost its internal control of Brexit. The UK as a country has now lost control of its options.
This is unprecedented and dangerous for Financial markets.
Low Impact
Breaking