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- End-October Brexit deal seems now more likely – TD Securities
End-October Brexit deal seems now more likely – TD Securities
James Rossiter, the head of global macro strategy at TD Securities, notes that the UK's PM Boris Johnson has requested that Parliament be prorogued from the week beginning September 9 until October 14.
- “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%.”
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