Analysts at the US investment banking giant, Goldman Sachs, modify their probabilities of various Brexit outcomes following last week’s rejection of the UK PM May’s Withdrawal Agreement.
Key Quotes:
Modified Brexit deal now seen at 45% versus previously seen at 50%.
No Brexit via second referendum seen at 40% versus previously seen at 35%.
No-deal Brexit seen at 15% versus unchanged from the previous.
“Risks around the timing of the ratification of that modified Brexit deal are now skewed towards a long Article 50 extension (of greater than one year) rather than a short extension (of fewer than three months). A long extension of this kind would require UK participation in elections to the European Parliament.”
Share
