“Not the end of the world”
But not a walk in the park either. (Theresa May, Tue 28 August 2018) That’s how the Prime Minister described the prospect of a ‘no-deal’ Brexit.
After a summer of dithering, does this mean the UK’s government is back to “Brexit means Brexit” and that’s how it will be next March – seven months from now?
No, that is not how the prime minister’s comment on what a No-Deal Brexit may mean for the country should be seen. To the contrary, after a week of far more conciliatory language than we have heard since the very start (on both sides of the negotiating table), odds for a softer Brexit should have significantly increased. That’s at least what currency markets signalled, where the external value of £-sterling rose notably on the news.
