Analysts at Rabobank noted that in the UK, the preparations for Brexit are finally proceeding smoothly as the PM goes on summer holiday.
Key Quotes:
“One anonymous senior UK minister has stated that “I have near zero optimism because I think it is going to be very messy”¦If we crash out without a deal, it’s going to be a historic catastrophe.””
“There are other reports that the British army is getting ready to ensure the supply of basic foods and medicines.”
“Really. GBP has not reacted to either story and continues to trade as this is all just noise. Perhaps it is. I think we all hope it is. But is it?”
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