2 Years? Brexit may not happen for 5-7 years - Berenberg

Kallum Pickering, Senior UK economist at Berenberg Bank, says the actual Brexit may not happen for 5-7 years! Following a one-year period of divorce talks, EU and UK are likely to establish a framework or negotiations which could go on for 3-5 years.

Will it be a hard Brexit a zero sum game or a win-win situation? What are the factors that could lead to hard Brexit? Watch Pickering detail the downside risks.

The segment ends with Pickering forecasting a first ECB rate hike in the third quarter of 2019.

Key quote -“In terms of employment, the Eurozone is at least 2-3 years behind the US”

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