JPMorgan sees 50% possibility of a Brexit deal being struck by Britain and the EU

While earlier it had placed this likelihood at just 5%, following Boris Johnson’s upbeat meeting with his Irish counterpart Leo Varadkar, the bank has placed the likelihood of a deal at 50%.

On Friday JPMorgan stated, it now expects Britain to strike a deal with the European Union over Brexit. The development comes midst an upbeat meeting on Thursday between Britain and Ireland’s leaders.

“This changes everything – we now expect a deal,” wrote one of JPMorgan’s key Brexit watchers, Malcolm Barr, in a note.

Although there are few details that are available, Barr stated, “if our understanding of the situation is correct, a “solution” to the Irish border problem which could ultimately be acceptable to all parties (if rather inelegant) has been identified.”

JPMorgan now sees a 50% chance of a withdrawal agreement being struck with a “modified/time-limited” Irish backstop. Previously it had put this likelihood at just 5%.

British Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar had said they saw “a pathway to a possible deal”.

Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

Tags: , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: