Disorder and disarray

SocGen does a good job of capturing what everyone is thinking about tomorrow's vote and the way forward.

"As for the vote, it's more likely to be historic than meaningful. No-one rates its chances of passing, and what happens next is still uncertain. No Brexit seems more likely, given the revolt in the House of Commons, than a no-deal Brexit, and that isn't bad for the currency, but uncertainty levels won't be reduced by magic tomorrow. Meanwhile, every piece of negative economic news is blamed on Brexit uncertainty, rather than, say, the demise of diesel or the death of the High Street," they write in a note today.