BREXIT deadlines: will a November Summit will occur? - ANZ

Ross J Burland FXStreet

Analysts at ANZ Bank New Zealand Limited explained that the UK political uncertainty remains rife.

Key Quotes:

"The EU says a deal is almost ready, but not quite there."

"The main obstacle to overcome appears to be around the mechanism by which the UK would leave a backstop agreement were it ever triggered."

"The EU says it is working on a joint mechanism and that technical discussion are intense."

"If a November summit on Brexit is to be feasible, Brussels says it needs to hear from the UK by Wednesday as reports swirled that the text of a Withdrawal Agreement is ready, only to be pushed back."

"UK political uncertainty remains significant and tomorrow’s cabinet meeting is key as to whether or not a November Summit will occur."

"PM May must convince the cabinet that her proposal will deliver Brexit and also appease anxieties amongst both leavers and remainers."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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