Here Comes the Second Brexit Battle - Forex News by FX Leaders

Here Comes the Second Brexit Battle

Posted Monday, October 10, 2016 by
Skerdian Meta • 1 min read

The UK government is pushing forward the Brexit process vigorously and by the look of it, it seems as they are going for a hard landing. The UK PM spokesperson commented earlier today that taking Brexit on parliament for a re-vote "would be second guessing the British public". Later on the Brexit minister Davis went further by saying that the government will reject any attempts to undo the Brexit vote and "Article 50 will not be triggered beyond March 2017".

So, it looks like the UK government is serious about Brexit. Even prime minister May who was on the remaining camp now has turned into a hard Brexiter. But not so fast, the battles are about to begin, the legal battles that is.

On Thursday, some UK financial firm will take its first shot at reversing the Brexit process. We won´t exactly know how the hearing will go, because it´s likely that it will be held behind closed doors, but sooner or later we will have the first taste of this war.

We also don´t know how far the remain camp will go on this, but this makes the whole situation blurrier for the UK. Obviously, the GBP will suffer the consequences, so no rest for the poor buck. That´s me for today, I will leave you with my colleague Eric and will catch up with you guys tomorrow morning.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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