The deadline to finalise the ultimate breakup of the century on Oct 15 this year set by the UK’s Prime Minister, Boris Johnson has been missed and the world is getting tiresome of the dreadful journey of the still on-going negotiations.
From certain perspectives, this is understandable considering the history between the region and UK as well as the tangled relationships still existing today. But on the other hand, some are getting frustrated over the indecisiveness between the two powers, leaving many in uncertain positions especially the trading partners and immigrant workers (or not just yet).
Traders and investors have factored in the possibility of any scenario possible given the long-period of negotiations and updates. However, it seems like the separation is moving into a final phase as many analysts and firms are anticipating.
Fortunately, the sterling pound was accompanied by the U.S. dollar in the roller coaster ride the past year given the global headlines since early this year such as COVID-19 pandemic, U.S. election and Joe Biden elected as the next U.S. President.