UK: All eyes on the cabinet meet today - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that today all eyes will be focused on the UK cabinet today as they ponder the proposed final Brexit agreement.

Key Quotes

“Cabinet meets at 9am ET today, with the meeting expected to last 3+ hours. Approval of the deal should come afterward from both the UK and EU sides, with publication of the 400+ page text possible today or tomorrow.”

“Importantly, this simply formally moves negotiations along to the next stage, with a vote in UK parliament likely in early-December. It's at this voting stage where we see the the biggest risks to a Brexit deal being approved, and MPs are likely to position themselves in the coming weeks for/against the deal, injecting a high degree of uncertainty into the process.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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