The Quid Takes It on the Chin from Scotland’s Sturgeon


In the last 12 hours, we have had quite a few events take place in the UK regarding Brexit. Last evening, Scotland's Sturgeon appeared in a press conference pushing towards Scotland´s independence. 

To tell you the truth, a few years ago, the referendum for Scottish independence didn´t make much sense. Personally, I was totally against it and I was positive that the “NO” side would win, which was what actually happened.

At this time in history, I´m afraid another Scottish referendum would break the UK apart. The UK as a whole wanted out of the EU, but the Scots voted largely against leaving the EU and I think that it´s only sensible to have another independence referendum. The Scots don´t have to follow the English down whatever strange path they want to go.

In my opinion, all this Brexit nonsense will mean a decade of economic hardship for Britain for no reason, only to get back to where it was a decade ago.

As forex traders, we see everything from an economic perspective and as we have known for about a year, this perspective is not great for the UK economy. The Quid has shown that since the Brexit vote, today´s decline is another Brexit kick.

In my opinion, Trump makes more sense than Brexit. Americans voted for Donald Trump to make a few changes (some of which might be considered too radical) and that´s happening. Brexit, on the other hand, won´t change anything for the British.

At best, the number of Eastern Europeans in Britain would be a bit smaller, but that´s about it. Calais will still be full of people from across the world trying to cross the channel.

Economically, it´s an even bigger nonsense because the EU is not running the UK economy, UK politicians. If the crisis of the last decade is anybody´s fault, it´s of the UK politicians. Of course, a big part of that came from across the ocean which started after the housing bubble burst.

So, no EU there. It´s been the UK politicians all along and the funniest thing is that they have been trying to put the blame on the EU for their failures the entire time. 

ABOUT THE AUTHOR See More
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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