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: