Swedbank: UK likely to avoid a no-deal scenario

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.”