25% chance of hard Brexit according to economists

There is a one chance in four that Britain will leave the European Union in March without a deal, a Reuters poll found, while the Bank of England will wait until after Brexit before raising borrowing costs again.

Reuters Aug. 29-Sept. 3 poll was conducted as pressure mounts on British Prime Minister Theresa May, who is struggling to sell what she calls her business-friendly Brexit to her own party and across a divided country.

With less than two months before Britain and the EU want to agree on the terms of Britain’s leaving the bloc, the two sides are still sparring.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.