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Will May Get Her Deal Passed The Second Time? Markets Think So

U.K. Prime Minister Theresa May Attends Parliament
Photographer: Chris Ratcliffe/Bloomberg

The British Parliament will probably reject Prime Minister Theresa May’s Brexit deal, but then approve it on a second attempt amid market pressure, according to UBS Wealth Management’s chief economist Paul Donovan. He reckons that prediction is now the consensus view in financial markets.

Here’s a rundown of how things are likely to unfold over the coming weeks, according to UBS’s house view, which Donovan set out in an interview in Brussels.