UK: High political uncertainty – Danske Bank

Political uncertainty remains high in the UK, as the Conservative Party remains extremely divided on how to proceed with the Brexit negotiations and not least what a meaningful vote in the UK parliament means in practice, according to analysts at Danske Bank.

Key Quotes

“A couple of days ago, it seemed likely that PM Theresa May would pass her EU withdrawal bill, but the development yesterday suggests that she might lose the vote when the bill returns to the House of Commons next week (House of Lords vote on Monday). May thinks she has the numbers to avoid a defeat to the Conservative anti-Brexiteers and soft Brexiteers.”

“Overall, do not expect much to be agreed upon at the EU summit on 28-29 June, making the EU summit in October even more important.”