October 2, 2019 / 12:59 PM / 5 months ago

Brexit: Deutsche Bank still sees 50% chance of no-deal by year-end

FILE PHOTO: The logo of Deutsche Bank is pictured in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo

LONDON (Reuters) - Deutsche Bank said on Wednesday it still sees a 50% chance that Britain will leave the European Union without a deal by the end of the year following a general election, but said there’s a 20% chance of a “surprise” agreement later this month.

It gave a 40% chance of a caretaker government being formed and a general election taking place.

Out of the two possible scenarios following that, the bank has a 25% probability of either an orderly Brexit, a second referendum or scrapping of Brexit altogether.

The alternative scenario, with a 15% chance, would be a no-deal Brexit resulting from the general election.

Reporting by Josephine Mason; editing by Marc Jones

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