JPMorgan: 80per cent chance of a Brexit trade deal

JPMorgan: 80per cent chance of a Brexit trade deal

JPMorgan has raised its odds of a Brexit trade deal to 80per cent, up from two-thirds, as negotiators from Britain and the European Union try to clinch an accord before the end of the year.

FILE PHOTO: A J.P. Morgan logo is seen in New York City
FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo

LONDON: JPMorgan has raised its odds of a Brexit trade deal to 80per cent, 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)

Source: Reuters

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