ING, one of Europe's largest banks, said on Tuesday its central assumption ...
LONDON - ING, one of Europe’s largest banks, said on Tuesday its central assumption was Brexit would be delayed, with a 40 percent chance of a national election in the United Kingdom.
ING economist James Smith said his central assumption was that Britain would end up with an election. “There’s a 40 percent probability of a general election coupled with an Article 50 extension,” Smith said, referring to the notification Britain would leave the EU. He raised the probability of a no-deal Brexit to 25 percent from 20 percent.
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