(29JANUARY 2019)DAILY MARKET BRIEF 3:Brexit’s next test

(29JANUARY 2019)DAILY MARKET BRIEF 3:Brexit’s next test

29 January 2019, 13:20
Jiming Huang
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In the UK, the House of Commons votes today on a second version of the Brexit deal. By most accounts it will also be rejected. Brexit fatigue is setting in. The high probability trade is of a compromise, resulting in a softer Brexit. No Brexit agreement would raise the probability of a second referendum and of the UK staying in the European Union. Opinion polls of remain/leave have not materially shifted since the Brexit referendum: we are uncertain of this outcome. This level of granularity in the middle of the UK’s greatest political knife fight feels disingenuous.

By Peter Rosenstreich


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