Markets still taking cover

Erste Group
By May 25, 2019 04:04

Markets still taking cover

Week Ahead

As the week draws to a close, events in the United Kingdom have turned upside down. At the end of last week, negotiations between the Conservatives (Tories) and the Labor Party over an EU exit procedure broke apart. The following weekend, Theresa May announced some bold new proposals to push through the withdrawal package. These included giving Parliament the opportunity to vote on a second Brexit referendum. These proposals were largely rejected by both the party itself and the opposition, culminating in the resignation of the minister who would have been responsible for bringing the bill to Parliament. The new vote on the resignation package was subsequently postponed indefinitely from the beginning of June. Today, Theresa May announced her resignation on June 7. 

Erste Group
By May 25, 2019 04:04

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