ING says Brexit deal will be done but no deal risk uncomfortably high

FILE PHOTO: A pedestrian walks past the logo of ING bank by the group's main office in Brussels November 6, 2013. REUTERS/Francois Lenoir

LONDON (Reuters) - Dutch bank ING said on Tuesday that it thought there would be a Brexit trade deal but that time was ticking and the risk of a no deal was uncomfortably high.

“Our house view is that there will be a deal agreed, but time is running out and both sides realistically have until the middle of November,” ING said in a note to clients.

“That means there is still time for things to go wrong, and the risk of there being no deal, or only a wafer-thin agreement, are uncomfortably high,” it said.

Reporting by Guy Faulconbridge; editing by Michael Holden