TD Securities: Brexit developments, quiet

The Analysts at TD Securities, Brexit developments today may be relatively quiet. This is in light of EU’s decision on Article 50’s extension due on Friday, Monday even, at an emergency summit–that is, if things go unpleasant.

According to an Analyst, “France and a few other small countries are reportedly the hold-outs as they would prefer a shorter extension of just 2-3 weeks in order to get the WAB through parliament, while most other countries are willing to grant the extension until 31 January.”

“French officials have reportedly said that they would only support the longer extension if an election were called. After that decision has been made, the government will need to decide whether to try for an election right away, or whether to focus on getting the Withdrawal Act through first.” the Analyst furthered.