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Prime Minister May Theresa May yesterday evening survived a Conservative Party leadership vote, in line with our forecast, by 200 votes to 117. She will likely remain in office but it is debatable whether she is still in power. We now expect the delayed House of Commons’ vote on the draft Brexit deal to take place in the new year
Read moreIn the past three weeks, British and European Union (EU) negotiators have formally reached an agreement on a draft “Brexit deal”, in practise two separate albeit inter-linked documents: 1) The terms and conditions of the UK’s exit from the EU – the legally binding Withdrawal Agreement (WA) and 2) The non-legally binding “Political Declaration on the UK’s future relationship with
Read more873 days after the referendum on 23rd June 2016, the British government announced yesterday that UK and EU negotiators had reached a draft agreement on the terms and conditions of i) the UK’s exit from the EU and ii) the outline of the UK’s future relationship with the EU beyond 29th March 2019. The first hurdle which Prime Minister May
Read moreIn principle, the United Kingdom (UK) will officially cease to be a member of the European Union (EU) on 29th March 2019, regardless of whether: 1) The UK and EU reach agreement on the terms and conditions of the UK’s exit from the EU (the “Withdrawal Agreement”) and importantly of the UK’s new deal with the EU and; 2) The
Read moreUK financial markets have been remarkably stable in the past month despite having to contend with a plethora of macro data, UK-driven events and global developments. The FTSE 100 has traded in a narrow 3.4% band since mid-June, market pricing for a rate hike at the Bank of England’s policy meeting on 2nd August has oscillated between 15.5bp and 19bp
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