Brexit: A 35% chance no deal is reached – Reuters poll

Dhwani Mehta FXStreet

According to the latest Reuters poll of analysts, 35% percent of them believe the UK and European Union (EU) will fail to reach a trade deal while a majority of them think the economy will take at least two years for GDP to reach pre-COVID-19 levels.

Key findings

“After a roaring third quarter in which it grew 15.5%, the economy is likely to contract 2.7% this quarter, deeper than the 2.5% contraction penciled in last month. Next quarter it will grow 1.7%.”

“After the historic 19.8% contraction in the second quarter the economy is expected to shrink 11.2% this year and expand 5.3% in 2021, little changed from last month.”

“The poll found only a median 35% chance no deal is reached, down from 40% given last month.”

GBP/USD Price Analysis: Bulls struggle to keep gains above 1.3430

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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