Brexit End Likely to Be Based on a Customs Union, JPMorgan Says
- The realities of the Brexit situation indicate that the U.K. is going to end up with “something that’s founded on a customs union” with the European Union, according to Karen Ward, chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management. “There are two realities to Brexit,” Ward said in an interview with Bloomberg Television on Thursday. “One is: there is a border between northern and southern Ireland.” The other reality is “our supply chain is heavily integrated with the EU,” Ward said. “Those two ...
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