Brexit: Focus on EU leaders meet today – Danske Bank

Analysts at Danske Bank point out that tonight at 18:00 CEST, the EU leaders are set to meet to discuss and decide on whether to grant the UK another Brexit extension and, in that case, for how long.

Key Quotes

“Yesterday, EU Council President Donald Tusk sent the EU leaders a letter suggesting a flexible approach by extending the deadline for one year with the possibility of the UK leaving earlier if the Brexit deal passes the House of Commons. While Tusk's letter is positive, we note he is considered one of the more "soft" Brexiteers and some EU leaders including French President Macron are more sceptical.”

“A long extension is also our base case (75%) but we cannot rule out neither a short extension nor a no deal Brexit (both 10%).”