This week the euro and the pound will be under pressure from Brexit, despite the fact that the UK will not be able to get out at the previously set time, March 29, and the pressure on the Prime Minister because of the deal. Theresa May was publicly supported by the Chancellor of the Treasury Philip Hammond and other cabinet colleagues, justifying this by the fact that the Prime Minister’s dismissal is not currently the best idea and will most likely prevent the conclusion of a new deal.
There are many options for developments regarding the UK and at the moment we do not know the final outcome. The petition “against Brexit” as of now has gained a record number of votes, over 5 million. Therefore, we expect the official reaction of the British government to the petition in the near future, and it is also possible that UK membership will not only continue, but the option of exit will be excluded.
Energy prices have declined without breaking through psychological levels, so the price of Texas WTI oil could not exceed $60 per barrel.
