The UK's decision to formally trigger the two-year European Union exit process has been profoundly felt in Gibraltar. The British overseas territory faces the prospect of being cut off and unable to access the European Common market -- and this may have serious economic consequences for both sides of the border.

Gibraltar has been a British overseas territory since 1713, it is attached to the southern tip of mainland Spain. Many people there remain anxious following the UK's decision to leave the European Union. A whopping 96 percent of Gibraltar's residents had voted to remain within the EU. 

The implications are many. Without easy access to the EU, Gibraltar could face the risk of being cut off from mainland Europe which may put the territory's recent economic boom at risk.

Bryan Zammit is a restaurant owner who believes the impact will be minimal, but he also fears any restrictions on people's freedom of movement might affect people working at his business, which could paralyze it. If a domino effect of businesses shutting down occurs, it's not just Gibraltar that will be affected. The adjoining Spanish town of La Linea will also be affected since it heavily relies on cross border trade. 

However, some are more upbeat about future prospects. Nick Cowan of the Gibraltar Stock Exchange said business has never been better and he is confident the territory will continue to see growth. 

There is a fear that the next two years of Brexit negotiations will be marred by monkey business. Just like the UK, Gibraltar has taken a step into the unknown but it was a move residents there simply did not want to take.