UK: Brexit deal seems increasingly likely – Danske Bank
|Danske Bank’s UK economist Mikael Milhøj thinks that while a deal seems increasingly likely, the probability of a UK withdrawal agreement with the EU today or tomorrow is low.
Key Quotes
“This is not surprising given that we are too far away from the deadline for the politicians to make compromises and it is not unlikely we will have to wait until December or maybe even January before we get a deal. Indeed, a delay may make it easier for May to get the Brexit agreement through Parliament.”
“Also, we probably need to get passed the UK budget on 29 October, as May's supporting party, the DUP, has threatened to vote against the budget, as they are opposed to what is on the table with regard to the backstop agreement right now.”
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.