Citi says chance of delay to Brexit now "very high"
LONDON, Jan 15 (Reuters) - U.S. investment bank Citi
said on Tuesday there is now a "very high" chance that Brexit
will be delayed past March 29, after lawmakers defeated Prime
Minister Theresa May's Brexit divorce deal by a crushing margin.
"After tonight's emphatic rejection, small tweaks won't get
the deal over the line," economists from Citi said.
"The probability of Article 50 extension is now very high,
and the stock of Article 50 revocation is rising too," they
added, referring to the legal mechanism that triggered the exit
(Reporting by Andy Bruce; editing by Guy Faulconbridge)
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