No Brexit or ‘no deal’ likely — Citi

Britain is now more likely to either stay in the European Union or leave it in a “no deal” Brexit than depart under the terms presented by Prime Minister Theresa May, analysts from US bank Citi said yesterday.

“In terms of outcomes, we see either ‘Never Brexit’ or a No Deal Brexit — the two best and worst outcomes for the UK economy and markets — respectively, as considerably more likely than a successful vote on the current deal,” Citi analysts Tina Fordham and Christian Schulz wrote in a note to clients.