UK: End-October Brexit deal is now more likely – TD Securities

Sandeep Kanihama FXStreet Contributor

James Rossiter , head of global macro strategy at TD Securities, notes that the UK Prime Minister Boris Johnson has requested that Parliament be prorogued from the week beginning 9 September until 14 October.

Key Quotes

“The Queen is likely to grant this request later today.”

“This means that Parliament will not sit during these dates, and will have less of a window to prevent No Deal Brexit.”

“We believe this actually increases the odds of a deal being done by the end of October, and decreases the odds of an "accidental" No-Deal Brexit. We continue to think No Deal odds are around 40%.”

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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