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Brexit is approaching, US backing exit without a deal

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The UK is preparing to go out of business and this must become a priority for ordinary citizens and be prepared for everything. Brexit is approaching, and here's what the UK should do if the country comes out on October 31st.

States support Brexit. It is likely that in the second week of September, government separatists will try to thwart the no-deal Brexit. Johnson, however, said he prefers to go out with a deal, but he also gives clear indications that this may not happen.

Donald Trump and John Bolton have informed the British government that the US administration strongly supports the UK's exit on October 31, with or without a deal.

Bolton himself said he supported the no - deal Brexit, adding that Washington would accelerate the process of reaching a trade deal between the two countries. The deal or deals that are yet to come could be separate for each economic sector, with manufacturing being a priority.

Analysts, however, believe that Britain is already "one foot" in a technical recession. Fears of this event have been particularly heightened following recent UK GDP data, which showed a contraction of 0.2% for Q2 in 2019. These worries have not proved positive at all for the pound, which reached a 10-year low against the euro. Despite the volatility of the pound, inflation remains in the frame, employment is at record levels and real wage increases are still in positive territory. The UK Central Bank is seriously considering tightening monetary policy at least in the short term.


 Jr Trader Martin Nikolov

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