Brexit Myths Debunked

It’s been seven months since the U.K. triggered the two-year countdown to Britain’s exit from the European Union, but the path to Brexit remains murkier than ever as officials contradict each other.U.K. Prime Minister Theresa May voted to Remain but now pledges to deliver Brexit, while opposition leader Jeremy Corbyn’s views on the EU are ambivalent at best. May’s own Conservative Party is split, with one vocal faction calling for the U.K. to walk out without a deal. (Here’s what “no deal” would mean.) Meanwhile, the EU is puzzled by the British approach, with talks stalled.As with most unprecedented events, who’s to say how it will pan out. Here’s a guide to what to believe as talks progress and—more importantly—what not to.

Source: The Truth About the 10 Biggest Brexit Myths (of the Moment) – Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.