US ratings agency Moody's out with a note on UK 1 Nov
- base view is that UK/EU will come to an agreement that maintains many of the current trade arrangements but chances of no-deal outcome are substantial
- no- deal is a risk to some UK ports but potential opportunity for others
- expects freight volumes at UK to remain under pressure due to weak economic growth and impact of energy transition on energy-related commodities
All to throw into the heady mix.
Meanwhile GBPUSD 1.3288 still trading tightly as European trading gets underway. BOE still in focus and another ticking clock.
