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TD Securities analysts point out that the UK agreed to a brief Article 50 extension and the next step is for Parliament to hold another Meaningful Vote on the Withdrawal Agreement next week.

Key Quotes

“If this passes, the UK exits the EU with a transition period on 22 May 2019. If this is defeated, Parliament has until 12 April to decide next steps: basically a decision between a no-deal crash out (likely at end-June) or a long extension alongside EU elections.”