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Analysts at Scotiabank explained the recent events surrounding the UK economy and the pound.

Key Quotes:

“UK house prices rose 1.2% in the Sep year, according to Rightmove data.

The modest pick-up in pricing overall came amid signs that higher end properties in London were starting to show signs of life again. Brexit remains the focus for markets still, however; UK government officials remain upbeat on prospects for a deal with the EU in the next few weeks while PM May insisted that the only alternative to her plan was “‘no deal” (not necessarily good news in our opinion as there are still major flaws in the Chequers plan from the EU’s perspective).

Meanwhile, Boris Johnson continued to snipe at the PM via a Sunday newspaper column which portrayed her strategy as a “car crash”.”

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