News from the UK are the focus of attention for financial markets. On Wednesday, 14 November, the British Cabinet of Ministers supported the draft Brexit agreement, now the discussion will continue in the Parliament. Three British ministers resigned, thus expressing their dissent against the text of the agreement on the UK’s withdrawal from the US. At the same time, UK Prime Minister Theresa May called it “the best compromise with the EU that the UK could reach”. Experts assume that a vote on impeaching Theresa May can take place as soon as next week and are concerned that, if the situation ends up with a “tough” Brexit, consequences for financial markets will be serious and unpredictable. An extraordinary EU summit dedicated to completing work on the Brexit agreement will take place on November, 25. It is expected that the agreement will be given an official status.   

Financial markets survey 19.11.2018