• Brexit situation remains fluid – Danske Bank

Market news

30 August 2019

Brexit situation remains fluid – Danske Bank

Danske Bank analysts note that the Brexit situation remains fluid after UK PM Boris Johnson's suspension of the UK parliament will get an early test on Friday when two courts could rule on challenges from Brexit opponents.  

“In light of the recent events, we have changed our call and our base case now is that a small majority in the House of Commons will eventually bring the Johnson government down, form a temporary government, ask the EU 27 for an extension and call for election when the extension is granted (40%). However, we stress that uncertainty is high and the risk of a no-deal Brexit has increased in the past days in our view (30%).”

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.