Countdown to Brexit: 5 potential outcomes and what could happen to sterling As Brexit comes to a head, we take a look at some possible outcomes that may have an impact on the value of the pound. If you are concerned about what the coming months might mean for you, please contact one of our specialists. ChamberIntFX service delivered by Chamber International in partnership with TTT Moneycorp Limited TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services. 11-12th December The UK Parliament will vote on PM Theresa May’s deal. The European Parliament will debate and scrutinise the Withdrawal Agreement and vote on a resolution. 29th March 2019 The day the UK is expected to leave the EU. A special summit of the EU27 is expected after the UK formally leaves and enters the "transition" period. 21st December 2020 End of the transition period (assuming a deal is agreed and no extension to the transition period). If a deal has not passed through the European Union and Parliament, the British government is required by law to make a statement within five days on how it intends to proceed. Possible outcomes could include... Deal Second referendum A ‘Leave’ victory may justify a harder Brexit. A ‘Remain’ victory may halt or alter the departure and/or trigger a general election. Campaigns and interim polls may cause further volatility in the pound. • • • General election A pro-Remain party may take power and seek to overturn Brexit. Or a hard-line Brexiteer could take charge with the final departure deal potentially coming into question. • • No deal The UK will depart the EU with no alternative measures in place. Businesses will face significant barriers to trade, with the Bank of England suggesting Brexit could leave the country worse off than the 2008 financial crisis. • • Extension Optimism may falter, with the pound's fate tied to Brexit until an agreement is reached. The opportunity to clarify some areas may improve acceptance of the deal. • •
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Countdown to Brexit: 5 potential outcomes and what could happen to sterlingAs Brexit comes to a head, we take a look at some possible outcomes that may have an impact on
the value of the pound.
If you are concerned about what the coming months might mean for you, please contact one of our specialists.
ChamberIntFX service delivered by Chamber International in partnership with TTT Moneycorp Limited
TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services.
11-12th DecemberThe UK Parliament will vote on PM Theresa May’s deal.
The European Parliament will debate and scrutinise the Withdrawal Agreement and vote on a resolution.
29th March 2019 The day the UK is
expected to leave the EU.
A special summit of the
EU27 is expected after the
UK formally leaves and
enters the "transition"
period.
21st December 2020 End of the transition
period (assuming a deal is
agreed and no extension
to the transition period).
If a deal has not passed through the European Union and Parliament, the British
government is required by law to make a statement within five days on how it intends to
proceed. Possible outcomes could include...
Deal
Second referendumA ‘Leave’ victory may justify a harder
Brexit.
A ‘Remain’ victory may halt or alter the
departure and/or trigger a general
election.
Campaigns and interim polls may
cause further volatility in the pound.
•
•
•
General electionA pro-Remain party may take
power and seek to overturn Brexit.
Or a hard-line Brexiteer could take
charge with the final departure deal
potentially coming into question.
•
•
No dealThe UK will depart the EU with no
alternative measures in place.
Businesses will face significant barriers
to trade, with the Bank of England
suggesting Brexit could leave the
country worse off than the 2008
financial crisis.
•
•
ExtensionOptimism may falter, with the pound's
fate tied to Brexit until an agreement
is reached.
The opportunity to clarify some areas
may improve acceptance of the deal.
•
•
Related Documents
