Brexit ending up “No Deal” threatens to weaken the pound vs the Euro some more…
This would be an utter disaster upon disaster for the EU, who even if they decided NOT to impose Tariffs on UK stuff sold there, or EU food being sold here - people will simply go off buying EU imports because they are now too expensive, and are going to remain that expensive.
For a No Deal Brexit to succeed, the UK needs to be prepared to stop trading with the EU outright, or when and where the EU can actually halt cross-channel trade, simply because they are unable and unwilling to end it overnight even now at the 11th hour.
My guess is that Eastern European countries in particular, will continue sending trucks over here with stuff on, which the UK will continue to buy, refuse to pay any EU-imposed tariffs for doing thus, whilst attempts by the EU to impose tariffs upon the hapless EE trucking firm - will fall flat, as there’s no more meat to be cut off that particular bone…
Are our new improved trade routes with the rest of the world ready? My observation is that they are getting there.
Most things, in particular foodstuffs - currently imported from the EU and it’s member states - can be re-sourced from elsewhere, if they have not already done so.
Expect a marked increase in Meat from the commonwealth nations, Citrus from South America, Dairy from Scandinavia, Vegetables from the “looser” EU members like Turkey…
THAT is assuming we cannot ever become self-sufficient in anything there, of course…
When Sterling is shorted, it gets shorted against the Euro primarily. This in turn pushes up the price of Euros to an inflated level that makes their woeful unemployed masses hunger for a cheaper exchange rate to kick-start their economy again… But the ECB want a strong Euro to punish the UK, so tough luck EU farmers - You’ve priced everyone ELSE out of your own markets, and you wonder why there is now a glut of food you cannot possibly eat yourselves, and isn’t even coming down in price so people don’t starve nor waste it in due course…
No Deal Britain meanwhile, is free to make any deals it likes, pick and choose which produce at what prices from whatever countries - is worthy for our platters back here in blighty.
“Free Trade Zone UK” - How about it?
Once we’ve left, - others will follow.
