P Spx: No-Deal Brexit and Face Consequences

p spx: No-deal Brexit The Oct. 31 deadline for Britain to reach a deal to exit the European Union in an orderly fashion is fast approaching, and newly elected Prime Minister Boris Johnson has signaled that he is willing to face the consequences of a no-deal Brexit, come what may, do or die, according to Market Watch. One conservative lawmaker has even suggested that Johnson could take Britain out of the EU unilaterally by Aug. 24. The Dow Jones Industrial Average DJIA, 1.20% is down 3.7% on a month-to-date basis, the S&P 500 SPX, 1.44% has fallen 3.1% and the Nasdaq Composite index COMP, 1.67% has lost 3.4%. But even as high-probability risks like the U.S.-China trade conflict capture the minds of investors, there is a growing combination of lower-probability risks, so-called grey swan events, that could individually or in combination create even more heartburn for investors as the third quarter draws to a close. 1. What odds would you give on 1 UK exits EU by 24 Aug - in time for G7 or before Parliament returns. The European economy, already shaken by the global manufacturing slowdown, would also be adversely affected by new trade barriers and uncertainty that would flow from Britain's leaving the EU. 2. Art 50 passed so nothing to stop unilateral withdrawal.2 General Election straight after to get majority.3 Answer Irish border Q with NI only referendum on NI only backstop Tom Tugendhat Tom Tugendhat August 14, 2019 The U.K. Office of Budget Responsibility estimated in July that a no-deal Brexit would put the world's sixth largest economy into recession. (news.financializer.com). As reported in the news.