Rhetoric around no-deal Brexit unlikely to sound any better over next few weeks - TD Securities
|Previewing next week's macroeconomic events in Europe, "The rhetoric around a no-deal Brexit is unlikely to sound any better over the next few weeks," argue TD Securities analysts.
Key quotes
"The government will launch a public information campaign for no-deal preparations, to make no-deal look like a credible threat to the EU and PM Johnson will have his first in-person meetings with Macron and Merkel at the G7 summit on 24-26 Aug, coming no closer to resuming negotiations."
"With downside risks to the Eurozone continuing to materialise, the ECB will continue to debate and study how much further easing, and which type, is needed ahead of its Sept meeting. While markets are well-priced for a small depo rate cut, they're less certain about QE, and any signals that odds of QE are rising could put further downward pressure on the EUR."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.