JP Morgan now sees an increased chance of a general election
That said, all the outcomes now look to be unlikely and are quite even when compared to one another. In summary, there's basically more uncertainty than ever as to how all this will play out and there's no one scenario in which the firm is seeing as taking the lead.
Their previous update was in mid-March here. Once again, just take the commentary here with a pinch of salt. The way I would interpret this is that currently, the whole Brexit saga is such a mess that there's basically no clear path to any of the above outcomes. In short, this is about as uncertain as things can get so expect plenty of volatility and choppiness still to come for the pound in the days ahead.
