Europe: Brexit remains at the centre stage – Westpac

According to Elliot Clarke, Research Analyst at Westpac, for Europe (and the UK), Brexit has again been the focus and a brief respite from Brexit uncertainty was seen mid-week as the UK Cabinet rubber stamped a transition deal agreed by UK and European negotiators.

Key Quotes

“Multiple ministerial resignations the day after consequently put Prime Minister May’s position and the deal in jeopardy. It is not at all clear if the current deal will remain let alone what a replacement deal might look like. Of course the final deal, whatever its terms, then has to be passed by both the UK and EU parliaments.”