British losses from Brexit have already exceeded 100 billion euros

Because of the upcoming Brexit, the British economy has lost approximately 87 billion pounds sterling since the referendum, which is about 101.4 billion euros. This is the conclusion reached by analysts of the American bank Goldman Sachs.
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According to the report, since June 2016, the United Kingdom has lost almost 700 million euros a week due to the decision of the British to leave the European Union. The UK has lost about 2.5% of its GDP due to Brexit.

The bank noted that in recent days the likelihood that the UK will not leave the EU has increased significantly - from 35% to 40% In turn, the probability of no-deal Brexit analysts of the bank is estimated at 15%.

In April 1, the British Parliament once again rejected all alternative versions of the Brexit agreement put to vote. If the British parliament fails to find a compromise on the Brexit issue in the near future, the UK will be forced to divorce the EU on April 12 according to a tough scenario. If Britain’s withdrawal from the EU is again delayed, citizens of the kingdom will take part in the elections to the European Parliament scheduled for the end of May 2019.

There is a chance that a new Government of the UK will hold a new Brexit referendum which can cancel the first of it.

If everything goes according to the worst scenario, the pound is waiting for the strongest fall since the 2008 crisis. According to analysts, the British currency may collapse even to the level of 1/1 against the dollar.

*The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
80% of retail investor accounts lose money when trading CFDs with GMOTrading.

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