Graphic: No-deal Brexit risk rising again, some banks say
The risk that Britain will crash out of the EU without an agreement is rising again, some banks say, after Prime Minister Theresa May received a two-week reprieve that could be her last chance to arrange an orderly exit.
At the end of January, banks informally canvassed by Reuters saw no-deal probabilities as low but rising. But that risk appeared to have receded after parliament voted to rule out a no-deal Brexit.
But their views have shifted slightly this week after the European Union told May to get lawmakers` approval for a Brexit deal by April 12, failing which Britain must present a new Brexit plan. In any case it has to leave the EU by May 22 -- with or without a plan.
Goldman Sachs, Deutsche, JPMorgan, ING and some other banks have upped probabilities of a no-deal Brexit though they still see a relatively low 10 to 25 percent risk of this outcome. Some such as Goldman also assign a high probability to Britain ultimately opting to staying in the EU.
For an interactive version of the chart below, click here https://tmsnrt.rs/2Ua88yG
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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