The withdrawal of the United Kingdom from the European Union, which began as a surprise, can end in chaos.
On the eve of the deputies of the House of Commons by an overwhelming majority rejected the draft "divorce" agreement promoted by Prime Minister Theresa May.
According to experts, this situation may lead to the fact that Britain will withdraw from the EU without a deal or return to negotiations with the alliance. The likelihood of a re-referendum on Brexit and extraordinary parliamentary elections is also not excluded.
Now at the disposal of the head of government there are only three days to submit to the legislators a backup plan of action.
It is assumed that T. May will try again to push her version of the agreement through the parliament a few days later. During this time, it will probably manage to get a number of concessions from the EU.
As for the pound sterling, it reacted with restraint to the results of the recent vote and today is trading near the mark of $ 1.28.
According to the ING economists, the further dynamics of the British currency will largely depend on how the current situation develops. There may be several options.
1. The UK and the EU enter into an agreement on new terms. The pound rises in price against the dollar to $ 1.38.
2. New parliamentary elections are announced. The pair GBP / USD is reduced to the level of 1.20.
3. A repeated referendum on Brexit. The pound strengthened against the dollar to $ 1.40.
4. Until March 29, Britain and the EU have not been able to reach a compromise. The pair GBP / USD drops to the level of 1.12.
The material has been provided by InstaForex Company - www.instaforex.com