Quote of the Day: Hard Brexit Bad For The Economy, And, Thus, The Politicians…

In “The Dollar” section of our 2018 year-end letter, one of the bullet points on why I anticipate a downward bias for the greenback was the economic, and, thus, the political risk inherent in a hard Brexit. The following from Bloomberg’s Markets Live Blog this evening speaks to that point:

“GBP/USD is rising early Tuesday after a report that Angela Merkel will offer concessions to Theresa May if her withdrawal deal is defeated in parliament. A disorderly Brexit isn’t something that European leaders want to face any more than the U.K. does, but as usual it is only at the last minute that a compromise will be on the table.”


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.