Risk of no-deal Brexit recedes further, some banks say
Friday, 15 March 2019 () The risk that Britain will leave the European Union without an agreement on March 29 has receded further this week, some banks and asset managers say, citing the UK parliament's resounding vote to rule out a no-deal Brexit.
The risk of the UK being tied to EU rules after Brexit "remains unchanged" despite the latest changes to the PM's deal, the attorney general has said. However, Geoffrey Cox said the new agreements reinforced the legal rights available to the UK if subsequent talks broke down due to "bad faith"....
According to a report by Reuters, on Thursday, the deputy head of the European Commission said that the risk of Britain crashing out of the EU on March 29th without a deal to ease Brexit has increased..
Reuters is out with the latest comments from the UK Brexit Secretary Stephen Barclay, as he warns that no Brexit is a bigger risk to the UK than a no-deal... FXstreet.com Also reported by •Reuters India