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James Rossiter , head of global macro strategy at TD Securities, notes that the UK Prime Minister Boris Johnson has requested that Parliament be prorogued from the week beginning 9 September until 14 October.

Key Quotes

“The Queen is likely to grant this request later today.”

“This means that Parliament will not sit during these dates, and will have less of a window to prevent No Deal Brexit.”

“We believe this actually increases the odds of a deal being done by the end of October, and decreases the odds of an “accidental” No-Deal Brexit. We continue to think No Deal odds are around 40%.”