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Is the UK stuck in Brexit limbo?

By Azad Zangana, global economist at Schroders
11 April 2019 • 1 min read

Extension to the Brexit deadline reduces the incentives for the UK parliament to compromise.

  • EU and UK agree to extend Brexit deadline to 31 October, averting the prospect of a no-deal exit on 12 April
  • For the economy and sterling, the extension is preferable to no-deal
  • Ongoing uncertainty could see the Bank of England keep interest rates on hold until November, or beyond

(more…)


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