Deutsche Bank analysts suggest that for the UK economy, the Brexit situation is continuing to deteriorate with last week’s European Parliament poll showing a further drop in support for the Conservative party, who now poll in sixth place.
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“That’s likely to make Tory MPs less willing to stomach a general election but also raises the pressure on PM May to resign. Separately, Labour party leaders said that they are unlikely to accept a compromise deal which does not include a second referendum. That crosses a red line for the Conservatives, so a cross-party deal is looking less and less likely.”
“Elsewhere, BBC’s Laura Kuenssberg tweeted late last night that “Brexit talks are not in good health, but not dead yet, Olly Robbins is heading to Brussels tomorrow to talk about how, and how long it might take to change the political declaration IF there were to be an agreement”. We’re approaching crunch time here, so unless a deal can get finalized this week, the pressure on May will likely rise over the near term.”
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