M16Red
Full Member
- Joined
- Oct 24, 2011
- Messages
- 3,351
The pound nosedived for the first time (in recent times) in 2015 when the referendum started to become an issue, it nosedived again after the referendum, it goes down every time a no deal Brexit seems likely.
It will nosedive again after the UK leave, how much depending on if there is a deal or not.
The economy was also recovering more quickly than the EU after the last crash until Brexit put a stop to that too.
It's will take time to recover on both sides because of the uncertainty on the domestic product markets;
I mean Germany could inadvertently close a 38 billion pound market, thats what I mean by money talks. Merkel has said that Brexit could drop them into recession
(Data from 2017, I'd love to know of we've diversified our import markets)
The top export destinations of the United Kingdom are the United States ($45.2B), Germany ($38.6B), the Netherlands ($24.9B), France ($24.8B) and China ($21.9B). The top import origins are Germany ($90.3B), China ($58.9B), the Netherlands ($47B), the United States ($46.6B) and France ($36B).
It's a complex currency really, but that the challenge. The EU wish to protect protectionism racket.
Anyway come on UTD.. 4 minutes and counting