Analysts at Nomura suggest that the UK government has been stuck in a Brexit bind between what it can deliver in time, what is acceptable to the Conservative party and MPs and what the EU will accept. Key Quotes “Something has to give, and it could well be the UK’s position on the customs position.” “Whether it will be accepted by the EU remains to be seen, but the risk is that we could see Cabinet resignations over a position they cannot support that could trigger a leadership challenge.” “The most likely scenario is that the government manages to carry on and attempts a political compromise, but the tail risks and political noise will likely continue until the EU finds common ground over the UK’s new position.” “If a political solution is found this could see rate pricing for an August hike supported, but there are still key data such as GDP, employment, CPI, retail sales and PMIs along the way.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: GBP hurt by UK politics, Aussie strongest in Asia, Eurozone Sentix, Draghi’s speech eyed FX Street 3 years Analysts at Nomura suggest that the UK government has been stuck in a Brexit bind between what it can deliver in time, what is acceptable to the Conservative party and MPs and what the EU will accept. Key Quotes "Something has to give, and it could well be the UK's position on the customs position." "Whether it will be accepted by the EU remains to be seen, but the risk is that we could see Cabinet resignations over a position they cannot support that could trigger a leadership challenge." "The most likely scenario is that the government manages to carry… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
