Bloomberg
Published Oct 17, 2019 13:16
Updated Oct 17, 2019 15:03
(Bloomberg) -- For a while there, investors and analysts got a taste of what’s in store if they ever escape the long shadow of Brexit. Unfortunately, most of them think freedom is still a long way off.
Assets across Europe briefly surged on Thursday as markets embraced the news that a Brexit deal had been struck in Brussels. But as traders assessed the obstacles ahead, the giddy mood faded. The deal -- struck just in time to present to EU leaders as they gather in Belgium’s capital -- still needs the approval of the British Parliament. Northern Ireland’s DUP, whose votes may be key, have said they will not back the accord.
“It might not be time to pop open the champagne quite yet,” said Jim McCormick (NYSE:MKC), the global head of strategy at NatWest Markets. “But even if it is voted down by U.K. parliament the Tories will have a stronger hand heading into a general election. The dynamic clearly changed.”
Here are some early reactions from investors and strategists across Europe:
Petr Krpata, chief currency strategist, ING Bank:
Written By: Bloomberg
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