Fitch Ratings: Brexit uncertainty makes smooth transition less likely

The global rating agency, Fitch Ratings' in an update released this Wednesday said that Brexit uncertainty makes the smooth transition less likely and slow progress in negotiations with the EU aren't helping that either.

Key point:

   •  Intensification of political divisions within the UK means there is a wide range of potential Brexit outcomes.
   •  Base-case assumption that the UK would leave the EU in March 2019 with a transition period until December 2020 looks more uncertain now.
   •  No-deal Brexit is also a material possibility.