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Responses to the Brexit voting Tuesday continue
UBS with a dour outlook:
- UK politics will have to get worse before it gets better
- Either the House of Commons will need to be jolted into supporting a UKEU negotiated deal through the risk of ‘no deal’ or the EU will have to blur its red lines, or a combination of the two.
- the UK’s position has drifted again from the EU-27’s again
- There will be a lull now as the EU27 agrees a response, but it will surely still include some form of backstop and pressure will be back on UK politicians to accept a Withdrawal Agreement.
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This article was originally published by Forexlive.com. Read the original article here.