Severing economic ties between Britain and the rest of Europe has proved complicated. The decision on the exit has already taken, but the agreements and financial matters are still open questions.
British Prime Minister Theresa May reported with sadness that the negotiations on the country's departure from the EU had faced a stalemate after refusing to accept London’s current proposals. “As I told EU leaders, neither side should demand the unacceptable of the other. We cannot accept anything that threatens the integrity of our union, just as they cannot accept anything that threatens the integrity of theirs. We cannot accept anything that does not respect the result of the referendum, just as they cannot accept anything that is not in the interest of their citizens,” May declared. That’s how Britain is trying to avoid paying an impressive penalty for the "dissolution" of the European Union. As a result of another failed attempt to reach consensus, the British currency is suffering again.
Such uncertainty surrounding this serious matter is unacceptable and will take a heavy toll on participants of the foreign exchange market. The pound is currently under enormous pressure. And given the fact that the parties may fail in addressing the issue and cause the scandal, the future of the pound remains unclear. The hard exit of Britain from the EU could face major problems, especially for the pound.
