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Probability of delay to Brexit now ‘very high’ – Citi

Economists at the US investment bank, Citi, offer their afterthoughts on the Brexit vote rejection by the UK Parliament.

Key Quotes (courtesy Reuters):            

There is now a “very high” chance that Brexit will be delayed past March 29.

“After tonight’s emphatic rejection, small tweaks won’t get the deal over the line,”  

“The probability of Article 50 extension is now very high, and the stock of Article 50 revocation is rising too.”

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