EU's Tusk: Must prepare for a no-deal scenario, which is more likely than ever before

Eren Sengezer FXStreet

Below are key takeaways from the invitation letter by European Council President Donald Tusk to the members of the European Council ahead of their meetings on 17 and 18 October 2018.

The European Council will start on Wednesday evening with a debate on Brexit.
As things stand today, it has proven to be more complicated than some may have expected.
We should nevertheless remain hopeful and determined, as there is good will to continue these talks on both sides.
We must prepare the EU for a no-deal scenario, which is more likely than ever before.
The fact that we are preparing for a no-deal scenario must not, under any circumstances, lead us away from making every effort to reach the best agreement possible, for all sides.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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