‘Thin’ Brexit trade deal likely but a fallout cannot be ruled out – Goldman Sachs

A post-Brexit transition trade deal is likely to be reached by early November although a breakdown in negotiations cannot be ruled out, said the Goldman Sachs analysts in the latest client note. Key quotes "Our core view remains that a “thin” zero-tariff/zero-quota trade agreement will likely be struck by early November, and subsequently ratified by the end of December." "The risk of a breakdown in negotiations cannot be ruled out.” "We continue to think the perceived probability of 'no deal' will persist beyond the next European Council meeting in mid-October."