The UK remains scheduled to leave the European Union (EU) on March 29, although it is unclear whether this will happen and under what terms. The prospect of Theresa May’s deal with the EU being brought back to Parliament for a third time seems to have diminished sharply following an intervention from House of Commons Speaker John Bercow. This has increased the likelihood of both an extension to Article 50 and a no-deal Brexit.
In the third of a series of updates, Quentin Fitzsimmons, fixed income portfolio manager and T. Rowe Price’s resident Brexit specialist, provides an overview of the current state of play.
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