Goldman Sachs raises "no deal" Brexit chances as general election looms
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 it's 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%.
UK lawmakers will decide on Tuesday whether to shunt Britain towards a snap election when they vote on the first stage of their plan to block Prime Minister Boris Johnson from pursuing a no-deal Brexit.
Also Read: H2O.ai raises USD 72.5 mn in funding round led by Goldman Sachs, Ping An
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
EU parliament adopts stricter migration rules in landmark asylum reform
South Korean Opposition set for landslide victory in parliamentary elections
Ukraine parliament passes bill overhauling mobilisation rules - lawmakers
Enemies took advantage, terrorism spread whenever there were weak, unstable governments in country: PM Modi in Uttarakhand's Rishikesh
Ukraine's parliament has passed a controversial law to boost much-needed conscripts and fill army ranks, reports AP.