Analysts at top global banks are divided on what U.K. Prime Minister Boris Johnson's controversial suspension of parliament will mean for Brexit.
The note added that an alternative route to an extension and general election could arise via a no-confidence motion against the current government, which could be followed by the replacement of the Johnson administration with a new prime minister.
A note from Danske Bank senior analysts Mikael Olai Milhoj and Lars Sparrese Merklin on Thursday also raised the probability of no deal from 20% to 30%, admitting they had "underestimated the credibility of Johnson's threat" to leave with or without a deal. However, the Danske Bank pair also upped the possibility of a no-confidence vote leading to an extension of Article 50, and a general election after October 31, to 40%.
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