This week the House of Commons demonstrated that a clear majority of Members of Parliament (MPs) are not willing to leave the EU without a deal. Our view has always been that we would at some point end with a relatively soft Brexit.
We continue to believe that no UK politician can secure a bettler deal simply because there is no toher solution to the Irish Border.
How will the Brexit negotiations conclude?
We expect continued solid returns for emerging market debt (EMD) over the next six to 12 months, driven by healthy fundamentals, a supportive net issuance level and attractive valuations.