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Markets certainly pricing in a far better........>

UK
UK: Markets certainly pricing in a far better chance of a harmonious Brexit deal
this morning, with a number of different assets and markets positioning
positively for Oct31:
- GBP is comfortably the best performer in G10 for a second session and options
markets have rushed to price in higher likelihood of GBP strength: GBP/USD 1m
risk reversals (capturing Oct31 exit date) are now positive (in favour of call
vol) for the first time since May.
- Equities with high exposure to UK sentiment and Brexit are flying: Royal Bank
of Scotland shares are higher by over 10% and UK homebuilders are outperforming.
- Gilt futures are under pressure, boosting UK yields across the curve (10y
yields are higher by over 5bps, hitting the highest level since mid-September.

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