Britain officially started the procedure for withdrawing from the EU last week, when the country applied for divorce to the European Council. Gibraltar is its overseas territory and is located between Spain and Africa. Theoretically, after Brexit, the territory should stay in the EU. Earlier, the former leader of the Conservatives, the head of the Republican Party of Great Britain, Michael Howard, expressed the opinion that the current Prime Minister Teresa May may start a war to defend Gibraltar, as Margaret Thatcher did towards the Falkland Islands claimed by Argentina in the early 80s. Theresa May herself said she would never agree with the decision on the disputed territory, in which the rights of the inhabitants of the territory would be violated.
Consultations on the ownership of Gibraltar are currently underway between the UK, the EU and Spain. This week on Friday, the speech of the head of the Bank of England Mark Carney, which may affect the rate of the pound, is expected. On the same day there will be important British macroeconomic statistics: the balance of foreign trade for February, as well as industrial production and the volume of construction.
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