JPMorgan: 80% chance of a Brexit trade deal
Tweet
Share
E-mail
FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo
LONDON (Reuters) - JPMorgan has raised its odds of a Brexit trade deal to 80%, up from two-thirds, as negotiators from Britain and the European Union try to clinch an accord before the end of the year.
"Since the summer we have put the odds of a deal at about two-thirds, and no-deal at a third," JPMorgan said in a note to clients on Tuesday.
"Given the recent newsflow, the likelihood of a deal is clearly growing, and hence we shift our assessment to 80-20 in favour of a deal," it said.
(Reporting by Guy Faulconbridge; editing by Michael Holden)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wall St futures tepid as Middle East tensions keep investors wary
- Swedish election is close race with 10 days to go, poll shows
- Nvidia to buy Hugging Face for nearly $13 billion in big bet on open AI models
Create E-mail Alert Related Categories
Forex, ReutersRelated Entities
JPMorganSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
