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Free AccessSo what next for Brexit? It remains an...........>
UK: So what next for Brexit? It remains an unknown.
- PM Johnson stated that the UK will leave with this deal (which was voted
through the Commons) & was still quoting Oct 31 in the wake of today's votes.
- EU's Tusk tweeted the following in the wake of the votes: "Following PM
@BorisJohnson's decision to pause the process of ratification of the Withdrawal
Agreement, and in order to avoid a no-deal #Brexit, I will recommend the EU27
accept the UK request for an extension. For this I will propose a written
procedure."
- Focus has been on a 3-month horizon i.e. through the end of January '20. That
would likely be unpalatable for Johnson (there had been reports that he would be
willing to extend the Oct 31 deadline by ~2 weeks earlier on Tuesday).
- A BBC reporter tweeted the following on Tuesday evening: "No 10 confirms
tonight after the vote they'll try to push for election if EU offers delay."
Labour has been unwilling to fight an election thus far, we will see if the fact
that a Brexit deal is on the table and has been voted through the Commons
changes that.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.