British businesses don’t believe in no-deal Brexit

British businesses don’t believe in no-deal Brexit

The vast majority of UK businesses as well as individuals aren’t ready for a no-deal Brexit due to the fact that they don’t find it probable. That’s what the UK cabinet uncovered in a long-awaited analysis on Tuesday. However, the given attitude could back the disruption if it occurs, the government added.  

In London, lawmakers are expected to approve a deal, which would soften the UK’s departure from the word’s number one trading bloc due on March 29. The likelihood of a disorderly departure is still real.

On Tuesday, British Prime Minister Theresa May suggested that next month UK lawmakers would vote in favor of a delay.

Notwithstanding communications from the UK cabinet, there’s still little evidence that British companies are preparing for a no-deal scenario, and evidence ascertains that readiness of medium-sized and small businesses is quite low.

The short time before March 29 wouldn’t enable the UK cabinet to compensate for the outcomes of an undesirable no-deal Brexit.

One-in-for – that’s the likelihood of a no-deal Brexit from financial analysts’ point of view.

In November, Britain’s main financial institution disclosed a worst-case no-deal Brexit scenario, which revealed that the United Kingdom might suffer an even bigger economic hit than during the global financial downtime a decade ago.

Besides this, Tuesday's paper paid attention to the risks to particular industries, regions and individuals from a no-deal Brexit. Eventually, Northern Ireland would be affected harder and also for longer period than the rest of Great Britain on the condition the agreement is finally made.

By the way, other financial analysts stressed that their analysis resulted in rather a downbeat picture for the country’s businesses.  


Finally, Some Good Events to Trade
Finally, Some Good Events to Trade

Jackson Hole, ten PMI releases, and the BRICS summit. This week will be full of market movements, and we will be there to trade them. Get ready, and let’s roll!

Latest news

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera