03|19|2019

Brexit, Not so Fast | March 15, 2019

You lost me at Brexit… It is the political (and economic) event that just will not go away fast.  So last week was no exception as 2 major votes dominated the press.

First, the British parliament once again voted (for the second time) on Theresa May’s Brexit deal.  The vote failed once again; the only silver lining being that it failed by less votes.

The second vote was to determine if a “No Deal” Brexit would be permitted.  The risk with a “No Deal” Brexit would be a disorderly exit with many business disruptions (known and still unknown).  Luckily, that vote was decidedly positive.  A “No Deal” Brexit would not be permitted.

This sets us up for 3 possible outcomes:

  • Theresa May will likely try a third time to have her deal voted upon.
  • The UK could request a delay to the March 29 deadline from the EU.
  • A new referendum is posed to the public to reverse the original decision to exit the EU.

No matter how you look at it, uncertainty continues to be the Brexit way.  One way or another, we will get some level of certainty 2 weeks from now when March 29th comes and goes.

 

Your interest in our articles helps us reach more people.  To show your appreciation for this post, please “like” the article on one of the links below:

Facebook | Twitter | LinkedIn | Google+

 

FOR MORE INFORMATION:

If you would like to receive this weekly article and other timely information follow us, here.

Always remember that while this is a week in review, this does not trigger or relate to trading activity on your account with Financial Future Services. Broad diversification across several asset classes with a long-term holding strategy is the best strategy in any market environment.

Any and all third-party posts or responses to this blog do not reflect the views of the firm and have not been reviewed by the firm for completeness or accuracy.