S&P sees harder Brexit stance from successor to UK's May
Reuters
Published May 24, 2019 11:05AM ET
S&P sees harder Brexit stance from successor to UK's May
LONDON (Reuters) - Britain's next prime minister is likely to adopt a tougher stance on Brexit than Theresa May, and may revive the prospect of a disorderly, no-deal exit as a negotiating tool, ratings agency Standard & Poor's said on Friday.
"In our opinion, Mrs. May's successor will likely take a harder stance on Brexit and would potentially resurrect the specter of a no-deal exit as a negotiating tool, although it remains to be seen if they would carry through with the threat," S&P said in a statement.
"We do not anticipate an easy end to the deadlock before the end of October, when the UK is due to leave the EU," the ratings agency added.
May said earlier on Friday that she planned to step down on June 7, paving the way for a contest to be leader of the Conservative Party and Britain's next prime minister.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.