Goldman Sachs sees short Brexit delay, expects deal to pass

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 -
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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.

Goldman also said that it believed there was “insufficient appetite” among MPs in the House of Commons for a pre-Brexit general election.

(Reporting by Tommy Reggiori Wilkes; Editing by Olga Cotaga)

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