LONDON, Aug 13 (Reuters) - ING, one of Europe’s largest banks, said on Tuedsay it saw a 25 percent chance of a no-deal Brexit and a 40 percent chance of an election in Britain.
“Deal or no-deal a general election looks increasingly likely,” ING economist James Smith said. “There’s a 40 percent probability of a general election coupled with an Article 50 extension.”
The bank said sterling could hit 95 pence per euro this quarter. (Reporting by Guy Faulconbridge; editing by Michael Holden)