Long extension to Article 50 remains our base case - ING

Eren Sengezer FXStreet

"While the mood-music in Brussels appears to be turning more hardline when it comes to offering an extension, we suspect parliament will do all it can to avoid a 'no deal'," note ING developed markets economist James Smith noted.

Key quotes

"To cut a long story short, the most likely scenario in our opinion is, MPs back a softer version of Brexit. If they do, and it is clear there is a stable majority for such an option, then this would likely tick the box for EU to grant a longer extension to the Article 50 period beyond 12 April."

"That said, the past few weeks of Brexit have taught us to expect the unexpected, and the next two weeks look set to be anything but plain sailing."

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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