Goldman Sachs revises up odds of a no-deal Brexit

With the UK PM May now returning to the table for the Irish backstop negotiations with the EU after the approval of Brady’s amendment by the UK parliament, analysts at Goldman Sachs see a slightly increased odds of a no-deal Brexit scenario.

Further Details:

Sees a chance of no-deal Brexit at 15% vs. 10% previous forecast.

Sees odds of a No Brexit at 35% vs. 40% previous.

Sees chances of a delayed Brexit at 50%, unchanged from the previous.

USD/JPY trades with modest losses below mid-109.00s, focus remains on FOMC decision

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US-China trade negotiations in focus – Danske Bank

Analysts at Danske Bank point out that today, the US-China trade top-level negotiations begin and are going to be the key economic event for the day.
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