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No-deal Brexit preparations in full swing

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There’s just under 100 days to go until the U.K. leaves the European Union (EU) and despite a Brexit deal being on the table, both sides are stepping up preparations for a ‘no-deal’ divorce.

After months of fraught negotiations, the U.K. and EU struck a Brexit deal (or “withdrawal agreement”) last month; the trouble is, no one in the U.K. parliament likes it that much.

With British politicians set to vote in mid-January on whether to approve or reject the Brexit deal, the odds are stacked against it.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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