UK: Brexit plan B in focus – Danske Bank

According to analysts at Danske Bank, today's most important event comes from the UK, where PM Theresa May is expected to put forward her Brexit plan B to the House of Commons (the motion is amendable).

Key Quotes

“At a cabinet meeting on Sunday, May stated according to people attending the meeting that there was little prospect of cross-party meetings yielding an alternative to the plan that was rejected last week. Instead, she said that she would seek changes to the Irish backstop session with the EU. Hence, uncertainty is very much alive given that the EU has ruled out a reopening of the deal. This will most likely be negative for GBP this morning.”