Goldman Sachs raises chances of no-deal Brexit, says all options in play

Dhwani Mehta FXStreet

In its latest client note on Brexit, the US investment banking giant, Goldman Sachs, upped the odds of a no Brexit deal after the UK PM May managed to seek 2-weeks Brexit deadline extension late-Thursday.

Key Highlights:

“By postponing Brexit day by at least a fortnight, the UK and the EU have kept all options in play, for now.”

The chances of May’s deal being ratified slashed to 50% from 60%, and raised the chances of a “no-deal” Brexit to 15% from 5%.

The probability of Brexit not happening at all remained unchanged, at 35%.

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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