LONDON: British lawmakers on Wednesday overwhelmingly rejected leaving the European Union without a deal, paving the way for a vote to delay Brexit to seek a way out of Britain's worst political crisis in generations.
After two-and-a-half years of negotiations and two failed attempts to pass a Brexit deal proposed by May, the vote against a no-deal exit still leaves undecided how, when and on what terms Britain will leave the club it joined in 1973. The EU would prefer only a short extension, with the deadline of EU-wide parliamentary elections due May 24-26, although it is unclear that this would be long enough to solve the impasse in London.
"We continue to see a 55 percent chance that a close variant of the prime minister’s Brexit deal is eventually ratified, after a three-month extension of Article 50," Goldman said. It gave a reversal of Brexit a 35 percent probability and a no-deal Brexit 10 percent.
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