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JPMorgan sees Johnson passing Brexit deal if given short Brexit delay

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10/23/2019 | 04:07am EST
FILE PHOTO: A J.P. Morgan logo is seen in New York City

LONDON (Reuters) - U.S. investment bank JPMorgan said on Wednesday that if the European Union offered Prime Minister Boris Johnson a short Brexit extension then he would probably succeed in passing his Withdrawal Agreement Bill.

"It is easier to see that unanimity being established quickly around simply agreeing to the UK’s request. But we are on the look-out for headlines suggesting France (and Barnier) think a shorter extension should be offered," the bank said.

"If the Council chooses to meet to decide a response to the UK request, we would expect their arguments to carry the day. And if offered a short extension, we would expect PM Johnson to return to his attempt to pass the WAB, and probably succeed in doing so."

(Reporting by Guy Faulconbridge; editing by Michael Holden)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) -0.01% 0.85482 Delayed Quote.-4.85%
JPMORGAN CHASE & CO. 0.84% 130.62 Delayed Quote.32.69%
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