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Hard Brexit, Donald Trump and Deutsche Bank give markets the jitters

Discussion in 'Market News' started by Lily, Oct 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Worries mount over article 50 and the Brexit timetable, the health of European banks and the increasingly bitter US election

    Financial markets are preparing for an uncertain final quarter of the year as traders fret about Theresa May’s more concrete Brexit timetable, the health of European banks and the US presidential elections.

    The British prime minister suggested on Sunday that the country’s exit from the EU would lean towards a “hard Brexit”, as she implied regaining control of immigration was more important than access to the single market. May earlier announced that article 50 – the legal device to begin the process of departure – would be triggered by the end of March.

    Related: What will happen now timescale for article 50 has been revealed?

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