October 16, 2017 / 1:36 PM / in a year

Chance of 'no deal' Brexit rises to 1-in-4 - JPMorgan

LONDON (Reuters) - The probability that Britain exits the European Union without having agreed a divorce deal has risen to 25 percent, compared with 15 percent previously, JPMorgan said on Monday.

Pro-EU demonstrators take part in an anti-Brexit march, during the opposition Labour party annual conference, in Brighton, Britain September 24, 2017. REUTERS/Toby Melville

“With the possibility of ‘no deal’ having been an active part of the UK political discussion for a couple of weeks, our confidence... has been shaken a little,” JPMorgan economist Malcolm Barr said in a note to clients.

“As a result, we have revised our set of probabilities on March 2019 outturns to show a somewhat higher probability of no-deal.”

Reporting by Andy Bruce; Editing by Alistair Smout

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