UK and EU extending the deadline for a Brexit deal – Danske Bank

Analysts at Danske Bank note that the UK and EU are said to be extending the deadline for a Brexit deal and avoiding a 'hard' Brexit.

Key Quotes

“The deadline is expected to be pushed out to mid-November, as it would be difficult to reach an agreement by the end of October.”

“The lack of progress in the Brexit negotiations has weighed on the Pound.”

“Together with the uncertainty over the Italian budget for 2019, we have plenty of political uncertainty in Europe in autumn.”