Amid increased expectations that a Brexit deal will be reached, the US investment bank JP Morgan’s one of the key Brexit watchers also expected a Brexit deal now.
This changes everything - we now expect a deal.
If our understanding of the situation is correct, a “solution” to the Irish border problem which could ultimately be acceptable to all parties (if rather inelegant) has been identified.
Sees a 50% chance of a withdrawal agreement being struck with a “modified/time-limited” Irish backstop. It had previously put the likelihood at just 5%.
Meanwhile, its worth noting that the money markets have push back the timing for first 25-bps Bank of England (BOE) rate cut to December 2020 vs. March seen earlier this week.
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.