August 28, 2019 / 4:00 PM / 18 days ago

Deutsche Bank still sees 50:50 chance of no-deal Brexit

FILE PHOTO: The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/File Photo

LONDON (Reuters) - Deutsche Bank on Wednesday retained its estimate that there is a 50:50 chance Britain will crash out of the European Union without a deal with Brussels following Prime Minister Boris Johnson’s move to suspend parliament.

In a note, the bank’s macro strategist Oliver Harvey added the most likely path to preventing a no-deal Brexit would be the formation of a national unit government either in early September or late October.

Reporting by Josephine Mason; Editing by Ritvik Carvalho

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