October 23, 2019 / 8:02 AM / a month ago

JPMorgan sees Johnson passing Brexit deal if given short Brexit delay

LONDON, Oct 23 (Reuters) - U.S. investment bank JPMorgan said on Wednesday that if the European Union offered Prime Minister Boris Johnson a short Brexit extension then he would probably succeed in passing his Withdrawal Agreement Bill.

“It is easier to see that unanimity being established quickly around simply agreeing to the UK’s request. But we are on the look-out for headlines suggesting France (and Barnier) think a shorter extension should be offered,” the bank said.

“If the Council chooses to meet to decide a response to the UK request, we would expect their arguments to carry the day. And if offered a short extension, we would expect PM Johnson to return to his attempt to pass the WAB, and probably succeed in doing so.” (Reporting by Guy Faulconbridge; editing by Michael Holden)

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