Analysts surveyed by Reuters believe that the possibility of withdrawal is now higher in the UK than in the absence of an agreement. Analysts have again postponed their expectations of when the Bank of England will raise interest rates.
The latest monthly survey conducted by Reuters on April 12-17 shows that the median analyst estimate is that the chances of Britain's disorderly withdrawal from Europe, i.e. no agreement, are 15%, the same as the results of the March survey, the lowest since the Reuters survey began asking the question in July 2017.
Of 51 respondents, only one thought the proportion was more than 50%.
"There seems to be a possible decline in the absence of an agreement to withdraw from Europe, but the future is as uncertain as ever. An agreement (and possibly a soft exit) is still more likely, "said analysts at BNP Paribas." But we doubt it will happen in the short term.
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