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Goldman Sachs raises Brexit deal probability to 65 pc

Last Updated 18 October 2019, 08:55 IST

Goldman Sachs said it had raised its estimate on the probability of a Brexit deal to 65% from 60% after Britain struck a new divorce agreement with the European Union that still needs British parliamentary backing.

The bank lowered its odds on "no deal" to 10% from 15% and left its odds of no Brexit happening at all unchanged at 25%, it said, adding that it maintained its base case that Britain will leave the EU with a deal by Oct. 31.

European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, leaving Prime Minister Boris Johnson facing a battle to secure parliament's support for the agreement if he is to take Britain out of Europe on Oct. 31.

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(Published 18 October 2019, 08:45 IST)

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