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UK and EU agree on new Brexit deal

Negotiators from the UK and European Union (EU) have agreed on the terms of a revised withdrawal agreement outlining the terms for the UK’s departure from the EU.
17 October 2019
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    Key takeaways:

    • The UK government’s parliamentary allies, the Democratic Unionist Party (DUP), have so far indicated they are opposed to this new deal. This makes UK ratification of the deal more difficult
    • The agreement of a new deal pushes the UK one step closer to an orderly withdrawal from the EU. However, political barriers remain to prevent the deal being implemented. For now, we continue to apply hedging strategies that protect our multi-asset portfolios from large currency fluctuations

     


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