Markets Show That May's Deal Is Becoming More Likely, Coutts CIO Says

The video discusses the potential for the UK to request a three-month Brexit extension if Theresa May's deal is approved. It explores three low-probability scenarios: no deal, a second referendum, and Theresa May's deal passing. The most likely outcome is seen as some version of May's deal, which could improve sentiment towards UK assets. The video also highlights market reactions, noting that domestic-oriented stocks showed resilience despite broader market declines.

What is the purpose of the proposed three-month Brexit extension?

• To allow the UK to participate in European elections

• To give the British Parliament time to pass Brexit laws

• To hold a second referendum on Brexit

• To renegotiate the Brexit deal with the EU

Which of the following scenarios is considered most likely by Alan Higgins?

• A no-deal Brexit

• A complete cancellation of Brexit

• A second referendum

• Theresa May's deal or a version of it

Why does Alan Higgins believe a no-deal Brexit is unlikely?

• Theresa May has ruled it out

• The UK public supports a deal

• The House of Commons has a majority against it

• The EU has rejected the idea

What impact is expected if Theresa May's deal is approved?

• Increased outflows from UK assets

• Improved sentiment towards UK assets

• A decline in the value of the pound

• A rise in European stock markets

How did the FTSE 250 perform in response to Brexit developments?

• It was unaffected

• It sharply declined

• It remained stable

• It increased slightly