The outcome of Brexit remains uncertain and headlines continue to be noisy, but if you read my article in 2016 about Brexit when it was announced, you know that the market always has an answer. The forex market says it is likely “no deal”, and it is probably good news for the British.

What happens if there is no deal? Brexit is ultimately a process rather than a single event. The chart below will help you understand the possible scenarios.

Let’s review what has happened in 2016.

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