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The UK Foreign Secretary Dominic Raab is on the wires now, via Reuters, noting that they are preparing for a no-deal Brexit outcome.

Key Headlines:

We are turbo-charging no-deal Brexit preparations.

The backstop must go.

There will be a daily government committee looking at no-deal Brexit planning.

The Cable remains pressured near over two-year lows of 1.2362, as the UK sets the stage for a no-deal Brexit. Over the weekend, the UK’s Gove said that “we must operate on the assumption that they will not”.