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Week Ahead (1/2)

UK
  • Brexit talks will be the dominant theme in UK markets this week with the ninth official round of negotiations due to kick off tomorrow and scheduled to culminate in a meeting of the chief negotiators on Friday beginning at 11:00BST. After some more upbeat comments towards the end of last week (the first for some time) there have been a few mixed reports in the weekend press. Note that Prime Minister Boris Johnson has said that a deal will need to be reached by the European Summit of 15 October in order for it to be passed in time for the 31 December end of the transition period. If a deal isn't reached by 15 October, there is still a possibility a "no deal" outcome can be achieved but it becomes much more difficult to get it ratified by the UK, European and European national parliaments in time to be passed into law.
  • This week will also see the Internal Market bill that seeks to override parts of the Withdrawal Agreement move to the "report stage" on Monday and Tuesday ahead of the third reading and final vote in the Commons which will also likely take place on Tuesday before the bill is handed over to the Lords.

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