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Analysts at Danske Bank suggest that in the UK, focus remains on Brexit, where we have seen mixed signals on whether the UK Cabinet is about to reach an agreement on the UK’s backstop proposal.

Key Quotes

“Backstop is the solution to avoid a harder border if negotiations on the future relationship breaks down.”

“Besides this, we are due to get the monthly GDP figure for September (and hence the first full estimate for growth in Q3), which we estimate rose 0.1% m/m. We believe it is likely GDP grew 0.6% q/q in Q3.”