SocGen team's analysis of newsflow suggests Brexit "No Deal" - Metro US

SocGen team’s analysis of newsflow suggests Brexit “No Deal”

FILE PHOTO: The logo of Societe Generale is seen on the headquarters at the financial and business district of La Defense near Paris

PARIS (Reuters) – Current analysis of the newsflow suggests there will be a “No Deal” regarding Brexit, wrote French bank Societe Generale’s Cross Asset Research team in a note on Wednesday.

“With less than two weeks until the ‘final’ decision, how the UK will exit remains a topical issue. That said, overall Brexit newsflow seems relatively subdued compared with the level of media attention to COVID-related issues. Our Brexit newsflow analysis suggests a no-deal, but negotiations are still ongoing,” wrote the SocGen team.

European Commission President Ursula von der Leyen said on Wednesday that Britain and the European Union had moved closer to sealing a new trade deal but it was still unclear if they would succeed.

(Reporting by Sudip Kar-Gupta; Editing by Alison Williams)

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