In its latest Brexit review, the US investment bank JP Morgan slashed the odds of the UK leaving the European Union (EU) on the terms of PM Theresa May’s defeated deal to 35% from 45% but said it was still the most likely option.
Further Highlights (courtesy Reuters):
“The probability of a second referendum raised to 20 percent from 15 percent
The probability of a general election raised to 15 percent from 10 percent.
The probability of a no-deal exit unchanged at 10 percent
The probability of a long extension to Brexit unchanged at 20 percent.”