UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

[YMPL]

Soft Brexit, or even no Brexit is becoming "a political mantra", after the election?

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Macron says 'door always open' for UK to stay in EU
14 Jun 2017 06:44
[PARIS] French President Emmanuel Macron said on Tuesday the door was "always open" for Britain to remain in the EU despite Prime Minister Theresa May saying Brexit talks would begin next week.
...
AFP

The odds of no-brexit has increased due to the "loss of control" by Theresa May. Having said so, I do not think it is good for UK to scrap Brexit. The rejoining of Britain into EU is likely going to be on less favorable grounds due to the loss of bargaining power. There would likely be many onerous clauses as the EU would not want to appear weak nor does it want to encourage the rest of the EU members to consider leaving. 

To summarise, UK is likely to face very tough challenges ahead and large disruptions to their economy. It would definitely be a good place to look for bargain hunters as either way forward is filled with pitfalls.

I am taking no-brexit as back-to-square, everything as before. Soft-brexit is the one serves no good for UK, with a very weak position.

[YMPL]

A "pragmatic" Brexit means soft-Brexit, I guess.

UK finance minister Hammond seeks 'pragmatic' Brexit
17 Jun 2017 09:42
[LUXEMBOURG] British finance minister Philip Hammond said Britain should adopt a pragmatic approach to Brexit negotiations which begin on Monday, striking a different tone to Prime Minister Theresa May who has threatened to leave the EU without a deal if necessary.
...
REUTERS

[YMPL]

Is Frankfurt the ultimate winner? I reckon, it is a marathon run, not a 100m sprint.

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Brexit winner Frankfurt gets another shot at finance stardom
http://www.theedgesingapore.com/brexit-w...ce-stardom

[specuvestor]

^^ and the irony is that Brexit, Macron win and Trump actually brings EU closest in recent memory

By William Canny and Steven Arons
(Bloomberg) -- Deutsche Bank AG may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union, according to a person familiar with the matter.
The project, dubbed Bowline, calls for trading in the German city to go live in September 2018 and for the assets to be moved over by March 2019, said the person, who asked for anonymity in discussing internal matters. Shifting 300 billion euros would be equivalent to almost a fifth of Deutsche Bank’s balance sheet, which listed 1.59 trillion euros in total assets at the end of last year.

[cyclone]

Sterling soars to five-month high as Brexit deal is agreed
* Jean-Claude Juncker and Boris Johnson both announce a Brexit deal has been reached.
* Sterling jumps to a five-month high versus the dollar.
* Banks across Europe lead the gains in stock markets.

David Reid
PUBLISHED 17 October 2019

The British pound reached a five-month high versus the U.S. dollar on Thursday morning after leaders of both the European Union and the United Kingdom confirmed that a draft Brexit deal had been agreed on.

Sterling rose as high as $1.2988 at one stage — reaching a five-month high. The euro also gained against the dollar rising 0.5% versus the greenback. Stocks across Europe rose 0.75% immediately after the reports, with banks leading the gains.

The U.K. Prime Minister Boris Johnson announced ” a great new deal that takes back control” via his Twitter account.

More details in https://www.cnbc.com/2019/10/17/sterling...greed.html