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Swissquote

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Brexit’s uncertainties to persist....

Brexit’s uncertainties to persist. The surprises did not end on Friday with the weekend full of resignations and striking declarations from European Leaders. Merkel and Holland must now make an example of the UK and are prompting them to leave as soon as possible to limit contagion and to make it clear to other member states that there will be no room for negotiation. For the time being Article 50 has not being triggered by the British government yet so there is still a chance for Britain to remain in the Euro. Examples exist, referenda are not always legally binding and history has unfortunately shown that the people’s voice is not always respected. We all wonder just when, if ever, will the British government trigger Article 50 ? Everything hangs on this question as only then can markets begin to appraise the impact. Until then, uncertainty reigns.



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