UK: End-October Brexit deal is now more likely – TD Securities

James Rossiter , head of global macro strategy at TD Securities, notes that the UK Prime Minister Boris Johnson has requested that Parliament be prorogued from the week beginning 9 September until 14 October.

Key Quotes

“The Queen is likely to grant this request later today.”

“This means that Parliament will not sit during these dates, and will have less of a window to prevent No Deal Brexit.”

“We believe this actually increases the odds of a deal being done by the end of October, and decreases the odds of an "accidental" No-Deal Brexit. We continue to think No Deal odds are around 40%.”