The EU will inevitably concede to keep the UK happy

In the aftermath of Brexit, financial markets seemed to have recovered relatively well considering the shock that was afforded to them after the referendum vote drew a heavy blow on many British politicians reputations after exuding confidence in the public accepting revised policies with the European Union that had been markedly improved during negotiations between prime minister David Cameron and EU leaders in February.

Needless to say the reform the electorate were looking for wasn't enough to satisfy their approval which they expressingly shown in last week's referendum that has place the proverbial cat amongst the pigeons leaving British politicians baffled over the results.

The empty void that's filling the political space in Britain at the moment will have a devastating effect on economic policies going forward with much of the attention being placed on finding resolution with the EU in terms of the UK's departure from the common market if and when it happens. As a result the likelihood of the economy falling into recession has become almost certain.

Not only will it fell down the economic fibre's that provide for a steady flow of activity but it will also impair the outlook of the Pound as many will expect the weak footing the British economy now finds itself in exacerbated by the possibilities of severed trade relations with the EU.  

ICYMI from @jsadinolfi: How the pound could hit history-making dollar parity by year's end #Brexit $GBPUSD https://t.co/w6Sx19JM4X

— Victor Reklaitis (@vicrek) June 29, 2016

Belief is siding with the conviction that politicians aren't willing to allow Britain to exit from the EU but rather use the vote to hold the European parliament ransom in an effort to obtain further concessions. If this happens to turn out the way it does it may become either a defining moment for the trade bloc or another disaster to add to the list of expanding mishaps that are wreaking havoc with their resurrections.

And as much as the EU attempts to stand in solidarity to show a brave face to the public and preventing to showcase some seriousness in their commitment to go along with the decision, they know fully well that the consequences of such a move has the power to unravel years of construction.

German Chancellor Angela Merkel's comments that there is no way back for the UK is flawed if we were to judge the EU's action when it came to enforcing penalties against Greece for failing to service its debt on the prescribed date and then dangled defiantly in front of its fellow members the protestation over austerity measures.

Although short term positive outcome was found, it was simply another let off from years of the same action that only serves to prolong the outrageousness of it all. Nothing makes the situation of Brexit any different from the rest of the other discretions made by members which is why we'll see the EU come to the party and give to Britons what is wanted, a control of immigration and the free movement of labour.