The UK will start next year3The formal start of the Brexit process before the end of the month

Huitong Network10month23Daily News - It is reported that the UK will start next year3The Brexit process will officially begin before the end of the month, and the market expects the UK to be more inclined towards a "hard Brexit", which is undoubtedly a disaster for the pound. Currently, major institutions are bearish on the pound.

Worries about Brexit remain unabated, and the bearish outlook for the pound seems certain

The impact of economic data on the pound in recent weeks has not been as significant as political factors. For investors, what is more important is whether the UK will implement a "hard Brexit".

Friday(10month21day)British Prime Minister Theresa May attended the EU summit for the first time in an attempt to appease EU leaders regarding Brexit. She stated that the UK is currently Brexit, but will continue to play its full role until it leaves the EU. After exiting, one will still be a strong and reliable partner.

Although Theresa May's message is that the UK will strive to avoid causing harm to the EU in upcoming negotiations, French President Hollande has warned that negotiations will be difficult. German Chancellor Merkel stated that both sides are facing a "difficult path".

European Council President Tusk also stated that the Lisbon Treaty was initiated by the United Kingdom50Before the treaty, there will be no negotiations, and the basic principle that a single market and the four freedoms are indispensable will still be the EU's firm stance.

This also poses a threat to the UK's continued preservation of the right to a single market. European governments have warned that if the UK imposes restrictions on the EU's core principle of free movement of personnel, it will not be able to enter the EU single market.

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