Goldman Sachs has raised its estimate for the likelihood Britain will crash out of the European Union without a deal to 25% from 20% citing the prolonged suspension of Parliament, as lawmakers decide the fate of the government’s Brexit plans.
Goldman said its base case with a 45% probability remained that a close variant of the existing Brexit deal which was rejected three times will pass in the House of Commons.
The bank cut the probability of no Brexit to 30% from 35%.
Source: CNBC
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