Coca-Cola CEO James Quincy said that if US lawmakers accept the Brexit deal, consumer sentiment will improve.

“If it mercifully comes to an end, then Yes, I think sentiment will improve, maybe not overnight, but over time and hopefully going into 2020,” Quincy told analysts about the company’s earnings on Friday.

The European Union and the United Kingdom have agreed a new withdrawal agreement that will allow the country to leave the political and trade Union Union. The UK Parliament will vote on the deal on Saturday, but it is unclear whether it will pass. The Northern Ireland democratic unionist party said it would not be able to support the deal in Saturday’s vote. If UK lawmakers accept the agreement, the EU Parliament will also have to ratify the deal.

But three years of uncertainty over the fate of the UK has put pressure on British businesses and consumers. Coke, like many other companies, has increased its stock in the EC in the event of a no-deal Brexit, which would mean leaving the EU without any trade agreement.

“It would be fair to say that in the short term, the VC business has been affected by consumer sentiment driven by Brexit in the Us, which has affected the all-the-business Outlook in the UK.” Quincy said.

Cox announced third-quarter results on Friday. Its earnings were in line with analysts ‘ estimates, while its revenue exceeded wall street expectations, thanks to rising sales for healthy drinks.

Like us on Facebook to see similar stories

Please give an overall rating of the site: