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- UK: Markets likely to focus on other things than Brexit now – Danske Bank
UK: Markets likely to focus on other things than Brexit now – Danske Bank
Danske Bank's analysts point out that the EU has granted an extension to 31 October but some EU leaders already appear open to the possibility of a further extension if needed. In adition, they noted:
- “The Conservative backbenchers want to get rid of Theresa May.”
- “Look out for local elections on 2 May and European elections on 23 May. Mood for a snap election is low.”
- “No signs of an imminent breakthrough in cross-party talks.”
- “We expect EUR/GBP will remain in the 0.85-0.87 range for now. Markets likely to focus on other things than Brexit now.”
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