Formation of pro-independence government in Catalonia – UOB

FXStreet (Guatemala) – Analysts at UOB Group explained that after more than three months of impasse, at the last moment the Catalan pro-independence parties have agreed to form a government.

Key Quotes:

“There will be a functioning local government with an absolute majority of the seats in the Catalan Parliament. Expectations are for the new Catalan government to carry on with the unilateral independence pledge with a 15- 20 month timeframe.

The last-minute formation of a pro-independence government in Catalonia increases the pressure to form a government at national level. Today, we will be receiving business sentiment data in France and housing data in Spain.”

Analysts at UOB Group explained that after more than three months of impasse, at the last moment the Catalan pro-independence parties have agreed to form a government.

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