This is from a JPM equity market research client note, but I thought the words on UK / EU politics of relevance to GBP traders

  • We see the tail-risk around Brexit intensifying into year end
  • this is likely to remain as the main concern for investors in the U
  • Our house view on the probability of a no deal is 20%, with a base case of a negotiated withdrawal agreement at 60%. In our view from a banks perspective, the immediate near term risk is that an agreement that removes the risk of a no deal slips into 2019

GBP rallied hard overnight ICYM the headlines: