It is still too early to tell how this is going to pan out.
The euro, yen and dollar exchange rates have moved in favour of UK
exporters and making imports from these nations more expensive.
I have the feeling that the euro will collapse in value in the next 18
months as the remaining EU nations wake up to Greek debt (there is no
way they can repay this) and the likelihood of the Greeks defaulting and
leaving the EU. This would really hit Germany. In the end I
think the UK will be fine. The UK was a net contributor to the EU and we
voted to leave. This puts an even greater burden on the richer EU
It would not surprise me if we had a snap General Election here in the
UK, especially if the Labour party commits self-imposed suicide and
splits in two. Our current Prime Minister, Teresa May, did not vote for
Brexit and neither did any in my family. If a General Election was to
be called then the Conservative Party is likely to get a huge majority.
I am currently reading a book on the history of Europe 1789-1989. I had
little idea how the borders and alliances changed so much in the 1800s.
Clearly Europe is still evolving.