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UK: PM Could’s one other loss within the parliament – Danske Financial institution

Analysts at Danske Financial institution level out that within the UK, Prime Minister Theresa Could misplaced one other parliamentary vote yesterday, forward of the essential vote on her Brexit deal on Tuesday subsequent week.

Key Quotes

“The modification in query was close to a doable limitation on the British tax code within the case of a no-deal Brexit not being particularly accepted by the Home of Commons – a situation Could has repeatedly mentioned to be preferable to a ‘unhealthy deal’. Whereas the modification in itself has restricted impression in apply, it indicators that there’s at the moment no majority for a no-deal Brexit amongst British politicians. Nonetheless, markets didn’t appear to place an excessive amount of emphasis on this vote and the pound weakened solely modestly throughout the day.”

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