Not even Boris can deliver Brexit by October 31, Wall Street warns – Telegraph.co.uk

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Not even Boris can deliver Brexit by October 31, Wall Street warns – Telegraph.co.uk

None of the Conservative leadership hopefuls will deliver Brexit by October 31 and Boris Johnson could revoke Article 50 to avoid humiliation over another missed deadline, Wall Street analysts have warned investors.

Citigroup told clients there is a “major risk of a snap general election” and “we expect any new leader to fail to deliver Brexit on 31 October, with or without a deal”.

Mr Johnson, the frontrunner to become prime minister, could consider revoking Article 50 “to avoid the humiliation of asking the EU27 for more time” before campaigning to re-invoke in an election or second referendum, the bank’s economist Christian Schulz argued.

Sterling has been sent sliding in recent weeks by fears…