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Chance of "no deal" Brexit rises to 1-in-4 - JPMorgan

Reuters - UK Focus

LONDON, Oct (Shenzhen: 000069.SZ - news) 16 (Reuters) - The probability that Britain exits the European Union without having agreed a divorce deal has risen to 25 percent, compared with 15 percent previously, JPMorgan (LSE: JPIU.L - news) said on Monday.

"With (Other OTC: WWTH - news) the possibility of 'no deal' having been an active part of the UK political discussion for a couple of weeks, our confidence... has been shaken a little," JPMorgan economist Malcolm Barr said in a note to clients.

"As a result, we have revised our set of probabilities on March 2019 outturns to show a somewhat higher probability of no-deal." (Reporting by Andy Bruce; Editing by Alistair Smout)