This report, prepared for a Finance course (MAF306), delves into the multifaceted financial impacts of Brexit. It begins by examining the UK's relationship with the European Union, contrasting the Norway model with a no-deal scenario, and assessing the effects on key economic indicators like GDP, inflation, and exchange rates. The analysis extends to the UK's trade openness, comparing it with the Euro area, and evaluates the volatility of the GBP/EUR and USD/GBP exchange rates, particularly around the time of the Brexit referendum. The report utilizes historical data to illustrate these fluctuations and discusses the broader implications of Brexit on the UK economy and international finance. References include research papers and government publications to support the findings.