The uk has more to lose on the brexit than in Europe, but a brexit means a ”lose-lose”situation for both parties.
It said Moritz Krämer, head of government ratings at S&P, at a press briefing on Thursday, reports Bloomberg News.
He said that the uk election result reduces brexit-the options, that the british government does not have strong bargaining position and that an agreement with the northern irish DUP can lead to a softer brexit.
The head of credits said that the uk elections have reduced the risk of a new referendum in Scotland and a new british elections would increase the risk of a hard brexit.
A hard brexit would increase the pressure on the pound, according to him.
Moritz Krämer further said that the uk’s flows of foreign direct investment may weaken in the near future.
Questions and comments always welcome in the newsroom[at]tradingportalen.com