Munter argues that the recent flurry of activity in the British parliament has narrowed options for Prime Minister May; she must attempt to get agreement from the EU to change her draft Brexit agreement, even though EU leaders have said there will be no changes.

Some critics in the UK say May's approach is sacrificing British interests to her own efforts to keep her party together. Meanwhile, businesses complain that uncertainty is driving them to make decisions that may be damaging to all.

"I don't see too many good outcomes to Brexit," said Munter.

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