Global Perspectives: Brexit End Game in Sight

Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.

Brexit End Game in Sight Share this story: Can the end to Brexit actually be in sight, after all of the struggles and negotiations? Technically the end game to Brexit is still unknown, but the current situation is beginning to resemble a game of chess, where we can see the direction the game is taking, but can't quite predict yet who will win. Prime Minister Theresa May has set three votes in Parliament for three successive days next month. On March 12, Parliament votes on May's withdrawal agreement — which is essentially the one that previously got rejected by record numbers. On March 13, a vote is scheduled to decide whether or not to move ahead on a Brexit with no deal. On March 14, a vote is scheduled to decide whether or not to extend the exit date from its currently scheduled date of March 29. If we get to that last vote, the European Union has indicated that it will allow for a short extension, but such an extension is not expected to last beyond June. This is due to the scheduled European parliamentary elections. If the UK really is going to leave the EU, EU leaders do not want the UK voting in those parliamentary contests. WATCH THE VIDEO If we can help you with any Foreign Exchange needs, please email foreignexchange@cnb.com or call (800) 447‑4133. Want to learn more about international finance, economics, and global events? Sign up for our other Foreign Exchange emails and videos! Follow City National Bank on social media: Investment and Insurance Products: • Are Not insured by the FDIC or any other federal government agency • Are Not deposits of or guaranteed by a Bank or any Bank Affiliate • May Lose Value This report is for general information and education only and was compiled from data and sources believed to be reliable. City National Bank does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change. This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed. It is not specific investment advice. Financial instruments discussed may not be suitable for the reader. Readers must make independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice. Instruments denominated in a foreign currency are subject to exchange rate and other risks. The Bank (and its clients or associated persons) may engage in transactions inconsistent with this report and may buy from or sell to clients or others the financial instruments discussed on a principal basis. Past performance is not an indication of future results. This report may not be reproduced, distributed or further published by any person without the written consent of City National Bank. Please cite source when quoting. Unsubscribe from this list  |  Update email preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add foreignexchange@emails.cnb.com to your email address book or safe sender list. Copyright ©2019 City National Bank – All Rights Reserved. 350 South Grand Avenue, 12th Floor, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. TERMS & CONDITIONS  |  PRIVACY STATEMENT NMLSR ID# 536994 | City National Bank Member FDIC