No Brexit more likely than a disorderly one, say economists

The chances that Brexit will be cancelled are now greater than the chances Britain will leave the European Union without a deal, according to economists in a Reuters poll, who again pushed back their expectations for when the Bank of England will raise interest rates. In the latest monthly Reuters survey, taken April 12-17, the median probability Britain and the EU will part ways in a disorderly fashion - where no deal is agreed - held steady at the 15 percent given in March, the lowest since Reuters began asking in July 2017. Only one of 51 respondents gave a value over 50 percent. “Apart from the fact that no-deal Brexit is now less likely, the path ahead is as unclear as ever. A deal (and likely a softer Brexit) still seems more likely than not,” BNP Paribas economists said. “But we are sceptical that this will happen any time soon.”