Market comment

Biden win may have shifted UK bargaining position on Brexit

DAVY VIEW

Despite tough talk yesterday, Boris Johnson will still likely drop the elements of the Internal Market Bill on Northern Ireland that would threaten the prospects for both EU and US trade deals. On that point, Joe Biden’s win may have shifted the UK’s negotiating position, dashing unrealistic hopes that a US trade agreement with the Trump White House could compensate for a ‘no-deal’ Brexit. Hence, the Conservative Party may be more amendable to compromises to secure a trade deal with the EU.

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Nov 11 2020, 08:20 GMT

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