And any attempts to replace Mrs May run the risk of having a knock-on effect on the value of the pound, another has warned. Mrs May today told MPs it is their "national duty" to pass a Brexit deal after withdrawal from the EU was again pushed back. Addressing the Commons after the EU agreed the six-month Brexit, she said Parliament needed to come together for the national good.
May might hang on for longer, but her options continue to dwindle
Christian Schulz
But Citigroup’s Christian Schulz was just one of those to voice his scepticism.
Mr Schulz suggested with an “awkward Brexit extension” and local and European elections ahead, and Labour “unlikely” to help her find a Brexit compromise, “May might hang on for longer, but her options continue to dwindle”.
He added: “A snap general election remains a logical step to restart the UK Brexit process, even if it doesn’t guarantee a breakthrough.
“But the short extension may diminish the appetite for a vote somewhat for now, especially as the Conservatives might have to choose a new leader first.
There may be dark days ahead of Theresa May, City analysts have warned (Image: GETTY)
“The UK’s choice becomes more polarised between no deal and no Brexit, making a second referendum ultimately more likely”
Goldman Sachs’s Jari Stehn was in broad agreement,
