SMMT blasts ongoing uncertainty after Brexit extension
Thursday, 11 April 2019 () The SMMT has blasted ongoing Brexit uncertainty for the UK's automotive sector as 'utterly unacceptable' following the overnight decision by the EU's council of ministers to agree an extension to the deadline for the UK's departure. The date for the UK's planned departure from the European Union has now been extended until 31st October.
EU leaders gather this week to decide whether to grant Britain a further extension to its departure from the EU. As David Pollard reports, Brexit uncertainty and trade tensions may also overshadow the week's other key events: an ECB policy meeting, and the IMF and World Bank Spring meetings.
The EU has granted the UK a flexible extension of Article 50 until 31st October. Sir Keir Starmer welcomed the news, saying: "I think businesses and communities across the country will be very relieved..
According to Reuters, Irish Prime Minister Leo Varadkar said on Friday that a longer Brexit extension might be favorable to avoid continued uncertainty, Varadkar said this after his British counterpart..
Brexit, the Sino-American trade war, a yield curve inversion, and an uncertain Fed policy. There's a lot to consider for investors aside from the balance sheets or charts of specific companies in 2019...