NEWS： The possibility of Britain leaving Europe without an agreement is greatly reduce
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JPMorgan Chase, the investment bank, published a report saying that although the final outcome of Britain's exit from Europe remains unclear, it believes that the possibility of an agreement-free exit has dropped to only 5%. The possibility of postponing the Lisbon Treaty's Article 50 deadline also delayed expectations of a rate increase for the Bank of England, while the pound exchange rate is expected to remain volatile.
Investors have been more positive about the pound since the European Court unexpectedly ruled that Britain had the right to unilaterally terminate its secession from the EU. The ruling, together with the majority of the British Parliament's opposition to non-agreement, reduced the possibility of non-agreement to 5% from 20%.
The bank believes that any of the following situations, including prolonged deadlock, a second referendum or even non-EU exit, are much more likely than non-EU exit without agreement.
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