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The Great Brexit Gamble

From economics.rabobank.com

For months, we have held the view that a snap election was inevitable. Ever since prime minister May’s gamble backfired spectacularly in June 2017, it had been very hard –and in our view almost impossible– to get any sort of Brexit-agreement ratified by the British parliament. After hitting this brick wall three times, Theresa May handed over the keys to 10 Downing Street to Boris Johnson. And at some point, as he spread the word that the UK would certainly, unconditionally, really-really-really leave the EU on October 31, prime minister Johnson actually started to believe that he could somehow make it happen. But ... (full story)

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  • Category: Fundamental Analysis