Formation of pro-independence government in Catalonia - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at UOB Group explained that after more than three months of impasse, at the last moment the Catalan pro-independence parties have agreed to form a government.

    Key Quotes:

    "There will be a functioning local government with an absolute majority of the seats in the Catalan Parliament. Expectations are for the new Catalan government to carry on with the unilateral independence pledge with a 15- 20 month timeframe.

    The last-minute formation of a pro-independence government in Catalonia increases the pressure to form a government at national level. Today, we will be receiving business sentiment data in France and housing data in Spain."
    For more information, read our latest forex news.

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