UK: EU letter to May in focus - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that the EU is expected to publish a joint Juncker/Tusk letter to Theresa May today assuring her that the Irish border backstop is not intended to be permanent.

Key Quotes

“Theresa May will then make a statement to parliament around 10:30am ET today to outline developments ahead of the big "meaningful vote" tomorrow night. Today's letter is not expected to suggest any revisions to the Withdrawal Agreement are forthcoming, and a bigger "give" by the EU is unlikely until after the vote on the deal fails tomorrow evening.”

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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