Brexit: Goldman Sachs revises odds on "no-deal" to 20% from 15%

Eren Sengezer FXStreet

According to Reuters, Goldman Sachs has revised the probability of a "no deal" Brexit to 20% from 15% after Boris Johnson became the next Prime Minister of the United Kingdom.

Goldman Sachs further added that the risk of a pre-Brexit general election has risen and said it has revised down the odds of a "no Brexit" to 35% from 40%.

The GBP/USD pair, which erased all of its daily losses with the initial reaction to the outcome of the Conservative party leadership contest and touched a fresh session high of 1.2482, was last seen trading at 1.2440, losing 0.3% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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