- Analytics
- News and Tools
- Market News
- ‘No deal’ Brexit is becoming more likely - ING
‘No deal’ Brexit is becoming more likely - ING
James Smith, a developed market economist at ING, notes that a 'no deal' Brexit has undoubtedly become more likely in recent days - the EU is unlikely to offer anything big, and Parliament faces an uphill battle to stop a prime minister set on exiting without a deal.
- "When British MPs return from their summer holidays at the beginning of next month, there will be less than two months until Brexit on 31 October. Markets are becoming increasingly worried that this won’t be enough time for Parliament to block a ‘no deal’ exit – the pound has fallen by 3% against the euro since Mr Johnson became leader.
- So just how likely is a scenario whereby the UK leaves the EU without a deal? We think the probability has risen in recent days - we'd now put it at 25%, maybe higher - but ultimately it all boils down to how you answer four key questions."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
