"The prime minister will repeatedly try to defer the definitive parliamentary vote on her negotiated Brexit deal, and the intensification of tail risks will continue to play a role in incentivising the eventual ratification of that deal. "I don’t think anyone would like to see this stalemate or impasse or period of purgatory continue for months and months and months. "BREXIT MAZEThe divergent views from two of the most powerful Wall Street banks indicates just how hard investors are finding it to read the labyrinthine plots and counterplots of Brexit, the United Kingdom's most significant political and economic move since World War Two. "Most major banks got the 2016 referendum wrong.The consensus then was that the United Kingdom would not vote to leave the EU. It sees a 30 percent chance of a hard Brexit and a 20 percent chance of no Brexit.

Source: Egypt Today February 15, 2019 11:37 UTC