Six Months Post Brexit, How Is the EU Coping?

The European Union and the UK officially parted ways on December 31, 2020, five years after the original referendum had taken place.  The UK’s decision to part from the EU came with a hope that the Kingdom will have better control of its laws, borders, and money thereafter.

However, so far the deal is accompanied by a lot of ‘red tape’, especially regarding exports of goods from the UK to the EU, due to the UK’s policy changes. This is all one big frustration for EU countries as it delays processes at the borders, leading to extended delivery times and causing market disruptions.

Also, many UK business owners are dissatisfied with the Brexit deal. With many relying on the EU’s skilled labor, they now have to follow new protocols for recruiting. On the flipside, EU citizens are losing opportunities in the UK, to which they previously had free access.

Significant changes have affected EU citizens living in the UK, such as a change in the freedom of movement and cross-border travel. UK Immigration policies have been changed, and EU nationals living and working in the UK now have to apply for permanent residency.

The reaction from the markets was overall positive, with the UK’s major stock indices reaching all-time highs since the Covid-19 pandemic.

How can traders benefit from Brexit?

The adapted trade deals between the EU and the UK have caused market volatility. Many forex trading brokers have jumped on the bandwagon by offering competitive spreads on popular currency pairs, such as GBPUSD and EURUSD. Hedging strategies, and price alerts have also been offered to traders, in order to make the offer more attractive.

A multi-award-winning brand that has been around for a long time is Capex.com, which offers CFD trading of forex, indices, commodities, crypto, shares, ETFs, and blends.

You can trade over 2100 instruments; in addition, they offer fixed spreads on selected currency pairs.

For insights into the latest financial news, you can stay updated with CAPEX.com’s market news published daily.

Capex.com allows trading via a web-based trading platform as well as the MetaTrader 5 platform. The Capex Web Trader is accessible through any device, has intuitive functionality, and you can monitor up to 10 price charts simultaneously.

Their Learn to Trade academy provides beginner traders with access to video-based tutorials on topics like Introduction to Forex, Forex Indicators, Candlestick Guide, Chart Patterns, Trading CFDs on Crypto, and much more.

Capex.com offers multiple tools at your disposal, such as Hot Stocks, News Sentiments, Blogger Opinions, and Daily Analyst Ratings.

Bottom Line

It seems the UK’s intention to leave the EU has caused more disruptions on their side since they are changing policies and trade agreements. However, it’s been six months only, and such a major socioeconomic event will take time to settle as both sides are adjusting to the new laws.

However, there is an upside to such shifts, as it impacts the economy to a large extent, creating favourable conditions for investors and traders. This is why Capex.com stands out as they offer new and experienced traders a comprehensive trading experience. Their advanced trading platforms, educational resources, and top-rated tools are good reasons to deem them a reliable broker.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.