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Elham AbolFateh

World

Deal or delay? Wall Street doesn't believe no-deal Brexit threat

Friday 15/February/2019 - 04:02 PM
Sada El Balad
As the United Kingdom’s Brexit crisis deepens، Goldman Sachs and JPMorgan have differing views of the ultimate outcome but the two titans of Wall Street agree on one thing: They don’t believe there will be a no-deal Brexit، Reuters reported.

Unless Prime Minister Theresa May can get a Brexit deal approved by the British parliament, then she will have to decide whether to delay Brexit or thrust the world’s fifth largest economy into chaos by leaving without a deal on March 29.

 

Goldman Sachs said it sees a 50 percent probability of May getting a Brexit divorce deal ratified, adding that lawmakers would ultimately block a no-deal exit if needed.

 

Goldman said it saw the probability of a no-deal exit at 15 percent and the probability of no Brexit at around 35 percent.

 

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