Analysts at TD Securities point out that the revised draft of the UK/EU’s future trade relationship has been leaking out this morning and is a key update for today’s markets.
Key Quotes
“Excerpts released so far suggest some tweaks to appease Conservative rebels, with technological solutions to the Irish border backstop proposed. However, other sections of the document suggest even tighter alignment with EU rules than previously envisaged, suggesting that while on net this may help buy support for May’s Brexit deal, the gains are likely to be limited at this point. Negotiations continue over the weekend with sign-off anticipated on Sunday.”
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