UK: The great Brexit gamble paid off – Rabobank
|In view of analysts at Rabobank, the great Brexit gamble has paid off with the UK Prime Minister Johnson getting his majority in the House of Commons.
Key Quotes
“It is certain that his majority is comfortable enough to get his Brexit-deal through the Commons. The UK will leave the EU by January 31.”
“Get Brexit done” resonated very well with voters and has redrawn the political map of the UK. But Brexit is not done: it will move to the tricky negotiations regarding the future relationship. The clock on the end-2020 deadline of a hard Brexit has therefore started ticking, but the resounding victory does provide Boris Johnson with some room for manoeuvre.”
“The failure of Labour to come up with a clear strategy on Brexit has a big cost: the party has lost seats they have held for decades. There will be a fight for command of the Labour Party, as Jeremy Corbyn will stand down as leader.”
“Meanwhile, the main opposition for Johnson could come from SNP leader Sturgeon, whose party has gained more than a dozen seats and may press the case for a second independence referendum in Scotland. It’s a clash waiting to happen.”
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.