Boris Johnson's only way out of Brexit chaos is to resign, Niall Ferguson says

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Boris Johnson's only way out of Brexit chaos is to resign, Niall Ferguson says
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Britain's prime minister is under immense pressure to deliver Brexit with 55 days to go before the country is scheduled to leave the EU.

, according to Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University.

When asked whether Boris Johnson and Dominic Cummings, the adviser behind the prime minister's high-stakes Brexit strategy, had overplayed their hand, Ferguson replied: "I think that they played a game of 'chicken,' not only with the Europeans but with their opponents in parliament and they lost.

Johnson has repeatedly insisted he would not seek to further delay Britain's exit from the EU, saying on Thursday that he would rather be "Brexit remains a deeply divisive issue in the U.K., more than three years after the world's fifth-largest economy voted to leave the bloc. And, as the country appears poised for a snap election, options range from a so-called "no-deal" Brexit scenario to abandoning the whole process altogether.

Sterling hovered close to a six-week peak of $1.2353 Friday morning, amid hopes Britain could avoid departing the EU without a deal.

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