Goldman Sachs has lowered its probability of a no-deal Brexit to 5% from 10%

This is GS in response to the UK parliament withholding its approval until formal ratification legislation is passed

GS:

  • our baseline path, we maintain the view that the UK will leave the EU on 31 October
  • probability for "no Brexit" unchanged at 25%
  • chances for a ratified deal 70%