Market Extra: Turmoil leaves investors struggling to pin down likeliest Brexit scenario [MarketWatch]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: MarketWatch
Turmoil leaves investors struggling to pin down likeliest Brexit scenario The ever-evolving drama surrounding Brexit has market participants scrambling to get their expectations in order. But as renewed speculation swirls around potential leadership challenges in the wake of Prime Minister Theresa May’s decision to delay a parliamentary vote on her exit plan, there is little consensus. “Clearly, the odds of a no-deal Brexit are rising,” said Win Thin, global head of currency strategy at Brown Brothers Harriman, referring to a scenario, widely viewed as worst-case, in which the U.K. would leave the trading bloc in March with no agreement governing its relationship with the EU. But there are a number of options at hand ranging from a soft Brexit to a hard Brexit to a second referendum that could lead to calling the whole thing off. And the back and forth that has kept investors on their toes so far, makes it hard to see the forest before all the trees. A hard Brexit would leave the U.K.
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