Goldman Sachs says 'thin' Brexit trade deal likely but won't rule out breakdown
1 min read 05 Oct 2020, 11:47 AM IST'Our core view remains that a 'thin' zero-tariff/zero-quota trade agreement will likely be struck by early November, and subsequently ratified by the end of December,' Goldman analysts said a note to clients
PremiumLONDON : Goldman Sachs said on Monday that Britain and the European Union were likely to do a post-Brexit trade deal by early November though the risk of a breakdown in negotiations could not be ruled out.
"Our core view remains that a “thin" zero-tariff/zero-quota trade agreement will likely be struck by early November, and subsequently ratified by the end of December," Goldman analysts said a note to clients.
"The risk of a breakdown in negotiations cannot be ruled out," Goldman said. "We continue to think the perceived probability of 'no deal' will persist beyond the next European Council meeting in mid-October." (Reporting by Guy Faulconbridge; Editing by Muralikumar Anantharaman)
"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!
