Is the UK stuck in Brexit limbo?

12.04.2019 14:11 - Schroder Investment Management (Switzerland) AG (LUX & CH)

Is the UK stuck in Brexit limbo?

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

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