Brexit: an agreement is now more likely, but be aware of a no deal risk, not priced in
Tuesday 12 March 2019
Research / Market
Developments and scenarios ahead
This is probably the most decisive week for Brexit and the situation is still rapidly evolving. Last night, Mrs. May and Mr. Juncker announced an agreement on the most controversial part of the Brexit deal: the Irish border backstop. This agreement is aimed at getting the U.K. Parliament to accept the Brexit deal previously rejected in January. May described what was achieved yesterday as "legally binding changes" to the deal, Juncker instead spoke of assurances and guarantees.