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Swedbank analysts suggests that they are in line with the consensus view that UK will avoid a no-deal and there is a rather large room for the GBP to appreciate if uncertainty decreases.

Key Quotes

“Still be prepared for a lot of volatility and that spec accounts already have positions in that direction.”

“The recent outcomes of UK data have been poor so the Bank of England doesn’t have reason to rush in a raise rates if a Brexit-deal is signed.”