Paul the Wolf
Score Predictions Competition Organiser
I do get the impression that a fair amount of people think the UK have actually already left the EU.
It was forecast that the Pound would drop to €1.20 or lower after the vote, currently around €1.16, a drop of around 10% from just before the vote (and around 20% from last November)
As a lot of people expected Article 50 to be triggered shortly after the vote the real economic downturn was expected to be sooner.
Since Article 50 doesn't look like being triggered until 2017 at the very earliest the real economic affect will not be felt for some time.
Expecting even more delays next year when the politicians in charge of Brexit realise what a difficult task it is going to be, the triggering of Article 50 could be a lot longer than that.
I doubt if the UK would have left by 2020 and wouldn't be surprised it wasn't until 2025. What I'm actually expecting is that the UK will partially leave and still have the same or similar trade deals in place, the same freedom of movement and the same laws in ten years time, the only difference being that they won't have a vote in the EU parliament.
Possibly businesses and investors may think on similar lines, wait and see but in the meantime there is so much uncertainty.
It was forecast that the Pound would drop to €1.20 or lower after the vote, currently around €1.16, a drop of around 10% from just before the vote (and around 20% from last November)
As a lot of people expected Article 50 to be triggered shortly after the vote the real economic downturn was expected to be sooner.
Since Article 50 doesn't look like being triggered until 2017 at the very earliest the real economic affect will not be felt for some time.
Expecting even more delays next year when the politicians in charge of Brexit realise what a difficult task it is going to be, the triggering of Article 50 could be a lot longer than that.
I doubt if the UK would have left by 2020 and wouldn't be surprised it wasn't until 2025. What I'm actually expecting is that the UK will partially leave and still have the same or similar trade deals in place, the same freedom of movement and the same laws in ten years time, the only difference being that they won't have a vote in the EU parliament.
Possibly businesses and investors may think on similar lines, wait and see but in the meantime there is so much uncertainty.