Brexit deal defeat makes 'softer, later' exit more likely: Goldman Sachs

A vote in Britain's parliament on Tuesday crushing Prime Minister May's deal to leave the European Union has made a softer, later Brexit, or even no Brexit at all, slightly more likely, Goldman Sachs said on Wednesday. "We think the prospect of a disorderly 'no deal' Brexit has faded further," Goldman Sachs' European economist Adrian Paul wrote in a note. The bank maintains its base case scenario that "a close variant" of the current Brexit deal will ultimately command a majority in the House of Commons.