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Prospect of disorderly 'no deal' Brexit fades further: Goldman Sachs

Devdiscourse News Desk | Updated: 16-01-2019 12:16 IST | Created: 16-01-2019 11:56 IST
Prospect of disorderly 'no deal' Brexit fades further: Goldman Sachs
(Image Credit: Pixabay)

A vote in Britain's parliament on Tuesday crushing Prime Minister May's deal to leave the European Union has made a softer, later Brexit, or even no Brexit at all, slightly more likely, Goldman Sachs said on Wednesday. "We think the prospect of a disorderly 'no deal' Brexit has faded further," Goldman Sachs' European economist Adrian Paul wrote in a note.

The bank maintains its base case scenario that "a close variant" of the current Brexit deal will ultimately command a majority in the House of Commons. British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a heavy margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.


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