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50 50 chance Brexit may be stopped

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Trade minister Liam Fox said there is a “50-50” chance that Brexit may be stopped if parliament rejects the government’s divorce deal with the European Union next month.

“If we were not to vote for that, I’m not sure I would give it (Brexit) much more than 50-50,” Fox, a leading supporter of leaving the EU, told the Sunday Times newspaper.

With three months left until the United Kingdom is due to leave the EU on March 29, May’s Brexit deal is floundering, opening up a range of possibilities from a Brexit without a trade deal to calling Brexit off.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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