Goldman Sachs sees short Brexit delay, expects deal to pass

FILE PHOTO: An hybrid flag depicting the EU and the British flags is seen during a debate on the last EU summit and Brexit at the European Parliament in Strasbourg, France, October 22, 2019. REUTERS/Vincent Kessler - Copyright VINCENT KESSLER(Reuters)

By Reuters

Published on 23/10/2019 - 12:34•Updated 27/04/2024 - 05:10

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LONDON (Reuters) - Goldman Sachs said on Wednesday that it still expected the UK parliament to approve Britain's Withdrawal Agreement with the European Union, and that there would be a "technical extension" to Brexit of three or four weeks beyond the Oct. 31 deadline.

"We maintain the view that approval of the existing Withdrawal Agreement is the most likely outcome of the current impasse, but we now expect a technical extension of three or four weeks beyond the 31 October deadline," the bank said in a research note sent to clients.