Likelihood of UK needing to request a delay in Brexit process has risen substantially – JP Morgan

JP Morgan economist Malcolm Barr is out with his take on the UK election results, noting that Britain may need to ask for delay to Brexit process, in absence of a Conservatives majority.

Key Quotes:

“Perhaps the most obvious conclusion is that the likelihood of the UK needing to request a delay in the Brexit process has risen substantially, given the chance that political developments in the UK disturb what is already a time-compressed process."