Looks Tough for May’s Deal to Get Through Parliament, Says StanChart’s Hewin

The video discusses the historical context of 1969 related to Northern Ireland and the challenges in reaching a Brexit agreement. It highlights the difficulties in obtaining concessions from Brussels that satisfy the European Reform Group (ERG) and the potential political dynamics involving the Democratic Unionist Party (DUP). The impact on Sterling and market reactions to the possibility of extending Article 50 and the risk of a no-deal Brexit are also analyzed.

What is the main challenge in reaching an agreement related to Northern Ireland?

• Disagreement within the UK government

• Insufficient time for negotiations

• Skepticism about getting concessions from Brussels

• Lack of support from the DUP

How might the Democratic Unionist Party (DUP) influence the Brexit deal?

• By opposing any form of agreement

• By supporting a second referendum

• By persuading some ERG members to support the deal

• By demanding more concessions from Brussels

What could happen if the Brexit deal does not pass next week?

• The UK leaving the EU without any agreement

• Immediate implementation of a no-deal Brexit

• An extension of Article 50 and a potential second referendum

• A new deal being proposed by the EU

What is the market's reaction to the possibility of extending Article 50?

• Increased confidence in a no-deal Brexit

• Temporary support for Sterling

• Immediate drop in Sterling value

• No significant change in market behavior

What ongoing risk is still present despite the extension of Article 50?

• A complete reversal of Brexit

• A no-deal Brexit

• Immediate economic recovery

• Unanimous support for the current deal