05.11.201817:58 Forex Analysis & Reviews: May managed to remove the Irish issue from the Brexit agenda

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Exchange Rates 05.11.2018 analysis

British Prime Minister Theresa May has made concessions from Brussels that will allow Britain to remain in the customs union and thus avoid the most difficult issue of the Brexit talks, the subject of the Irish border. Now, the customs border will not be held either between Ireland and Northern Ireland, nor between Northern Ireland and the island of Great Britain.

Brexit's chief negotiator for the European Union, Michel Barnier, said that the EU agreed to customs control not at the border, but directly at the factories and at points of sale.

In addition, Theresa May intends to achieve the conclusion of an economic transaction with the EU, which will allow the United Kingdom to conduct free trade with EU countries on the "Canadian model". According to this model, the UK will have the freedom to make decisions regarding domestic and foreign trade, and will also be able to create an effective and balanced migration mechanism that will stop the free movement of labor.

Tatiana Strelkova,
Pakar analisis InstaForex
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