With Brexit All-But Done, Now Comes the Hard Part

PGIM Fixed Income

December 2019

The Conservative party’s sweeping victory in the December 13th general election was a landmark event on several fronts. Now, barring the unforeseen, the UK will leave the European Union on January 31, 2020 based on the deal that Prime Minister Johnson previously reached with the EU.

While significant, the split does not remove the possibility of a hard Brexit, rather it essentially starts the next chapter of the separation with the UK and EU now attempting to agree on future trade terms.

 

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