50 50 chance Brexit may be stopped

Trade minister Liam Fox said there is a “50-50” chance that Brexit may be stopped if parliament rejects the government’s divorce deal with the European Union next month.

“If we were not to vote for that, I’m not sure I would give it (Brexit) much more than 50-50,” Fox, a leading supporter of leaving the EU, told the Sunday Times newspaper.

With three months left until the United Kingdom is due to leave the EU on March 29, May’s Brexit deal is floundering, opening up a range of possibilities from a Brexit without a trade deal to calling Brexit off.

Reuters

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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.