Market comment - Despite political turmoil, prospect of ‘no-deal’ Brexit receding

Davy Research
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Events in recent days have reinforced our view that a ‘no-deal’ Brexit is highly unlikely and that the status quo will ultimately be maintained – either through the transition period in Theresa May’s deal or by extending Article 50. However, markets may be too sanguine on the prospect of Theresa May’s deal passing in a second vote.