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Goldman Sachs confident of new Brexit deal even after resounding no from Parliament


Devdiscourse News Desk United Kingdom
Updated: 13-03-2019 16:59 IST
Goldman Sachs confident of new Brexit deal even after resounding no from Parliament

Image Credit: Pixabay

Goldman Sachs said it sees a 55 per cent probability of Prime Minister Theresa May getting a Brexit divorce deal ratified even though parliament overwhelmingly rejected the deal for a second time. Unless May can get a Brexit deal approved by the British parliament, then she will have to decide whether to delay or cancel Brexit or thrust the world's fifth largest economy into chaos by leaving without a deal.

Goldman said it saw the probability of a no-deal exit at 15 per cent and the probability of no Brexit at around 35 per cent. The investment bank said a third vote on version of May's deal is likely within weeks after the European Union summit on 21-22 March.

(With inputs from agencies.)

COUNTRY : United Kingdom

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