Morgan Stanley lowers the risk of a 'no-deal' Brexit

In an overnight client note, the Morgan Stanley analysts express their take on the odds of a no Brexit deal.

Key Quotes:

“Lowers the risk of a 'no-deal' exit, but that risk was small anyway.

Also lowers the risk for a downside move in GBP.

But still eyes the 1.28 - 1.34 range.”