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The European Union and the United Kingdom Struggle over a Brexit Deal

Theresa May has repeatedly stated that "no deal would be better than a bad deal" in regards to the ongoing negotiations about Brexit, Britain's divorce from the European Union. This is an important issue because the European Union's negotiators are set on making an example out of the United Kingdom to dissuade other nations from following in its footsteps.

Without a doubt, the negotiations will be difficult. And there is a possibility that walking away from the negotiating table could end up being the most expedient course of action. The EU is asking Britain to pay an inordinate amount of money as well as maintaining freedom of movement and the jurisdiction of the European Court of Justice for a long period of time - a tough sell to voters. Because many of the EU's demands are unpopular with voters, May's government may have no choice but to walk away from the table. But what would the economic implications of this be?

A disorderly Brexit would be bad for both the European Union and the United Kingdom. But it would probably have much the same effect the Brexit vote itself had on the British pound and gold. Recently, the pound has recovered some of last week's losses. But it ends the month of May down against both the U.S dollar and the euro.


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