Via Bloomberg
This was a question of the day recently on Bloomberg and one that I thought was worth mulling over amongst the ForexLive community. The main thrust of the argument is this:
If Boris Johnson is set to become Britain's PM then his view on Brexit is quite straight forward. October 31 is the do or die day, or rather deal or no deal day. Come what may, Boris Johnson wants the UK to decide it's fate, for better or for worse on October 31. Halloween night of all nights - a fitting spectre for Britain's fears of leaving Europe.
The difference between May and Boris
Now the difference between Theresa May and Boris Johnson is that May looked like the girl who always did her homework, conscientious and never got a detention. Remember this is the girl who , when asked about something she did wrong, said that she once ran through a farmer's field, without his permission. This has been how May has run as Prime Minister and she has done a tough job in a frankly unwinnable situation
Meanwhile Boris strikes me as a bit more like the boy who would flick bits of paper around the class and get away with a big grin when caught. Boris is set to take a more pragmatic approach and the EU now have a conundrum. Will they play softer ball with Boris than they did with May. I don't think they will and think they will stick to their guns. Boris will stick to his and we will have our hard Brexit. I would love to get some views from our usual readers. What are your thoughts on this? Is the GBP uderpricing a no deal Breixit?