UK’s future relationship with EU fully open

Erste Group
By November 17, 2018 03:05

UK’s future relationship with EU fully open

Week ahead

The agreement between the UK and EU announced this week is only a stage in the divorce process and not more. It is far from over. The outcome remains completely open, especially as a majority in the British Parliament for the negotiated package is very doubtful from today's point of view. At the same time, however, this is only a snapshot. There is probably a month left before the vote. What will be decisive is how the public debate goes up to that point. Everything seems possible, from a majority vote to the resignation of Theresa May. The intensity of the reaction in the United Kingdom – various ministers and state secretaries have resigned and Theresa May's own party is working on a motion of censure – is an indication to us, however, that a hard Brexit has become more likely since this week. We would therefore like to reiterate here the most important effects on the economy and the financial markets. 

Erste Group
By November 17, 2018 03:05

SEARCH