Christopher Graham, economist at Standard Chartered, suggests that the recent UK political developments have prompted them to revise their Brexit-related probabilities with the most likely outcome according to our probability tree is no-deal , ahead of a deal and remain . We assume an extension request will be accepted by the EU. Following this, we assume an early general election will be called, most likely for late November/early December. 40% chance of winning a majority and being returned to government, most likely resulting in a no-deal outcome.
A Labour-led government also has a 40% chance of coming to power and would most likely opt for a second referendum. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.
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