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UK: Politics to remain in focus – Danske Bank

Analysts at Danske Bank suggest that in the UK, many Bank of England members (including Governor Mark Carney) are due to testify before the UK Treasury Committee as the BoE seems to be on hold until ‘the weather has cleared up’.

Key Quotes

“Also in the UK, note there is no vote on a Brexit deal in the House of Commons today, as PM May has postponed it by another two weeks. However, the indicated vote tomorrow is still on and the question here is whether the so-called Cooper amendment – which would force May to ask for an extension of Article 50 in case she does not get a deal or wins backing for one – will pass or not.”

“We think it is a close call given it is not the last chance the MPs will get to force May’s hand. Furthermore, May is said to be discussing a possible extension of Article 50 deadline with her cabinet today.”

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