Market Comment | Risk of an imminent hard Brexit wanes

Summary

The UK request for a Brexit extension, which eased the risk of a no-deal-Brexit, and positive prospects of a limited trade deal kept market’s risk appetite alive.

Key points

• Key points:
• Sovereign bond yields inched up across the board.
• The pound swung to a near five-month high
• Equities slightly increased with financials leading the gains.

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