Brexit: No scenario can be ruled out - SCB

Analysts at Standard Chartered Bank argued that following a relatively quiet period during the summer parliamentary recess, the political environment is likely to become febrile again relatively soon, with the next few months set to bring its fair share of shocks as the deadline for reaching a deal with the EU approaches.

Key Quotes:

"The biggest risk remains a disorderly, cliff-edge, ‘no-deal’ Brexit."

"The number of potential scenarios and end-states is as high as ever and no scenario, including no deal, can be ruled out at this stage."

"However, we think that developments over the past few weeks have offered a few reasons why fears of this scenario may currently be overblown."

"Notwithstanding the uncertainties, our core view remains that a soft Brexit will be brokered between the UK and EU. However, the process leading to this result could still involve an extension of Article 50, a leadership challenge and even a general election."