Macquarie Bank with a few thoughts on the Brexit draft from UK PM May
- Expect Cabinet to approve
- Not unanimously, there may be a resignation or two in protest (a junior minister)
- Bigger names in Cabinet likely to approve though
- No date yet set for a vote in parliament, Macquarie not confident it gets the votes there
- Nominate a mid-December vote and more negotiations to then go into January
- MBL is looking for an eventual deal though, not a no deal exit
MBL 3 month forecasts:
- GBP/USD to 1.38
- EUR/GBP to 0.83
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ps. Cabinet meeting is Wednesday 14 November 2018 at 1400GMT