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Published on Thursday, October 17, 2019 | Updated on Thursday, October 17, 2019

Market Comment | Brexit roller coaster

Financial markets remained volatile amid mixed Brexit news and gloomy outlook for Germany’s economy. An EU-UK deal was reached, but still needs the backing of the UK Parliament.

Key points

  • Key points:
  • The pound whipsawed as Brexit uncertainty lingers.
  • U.S. stock markets rose to near record highs as earnings continued to surprise positively.
  • U.S. industrial production deteriorated more than expected with markets pricing in 85% probability of a Fed rate cut by month-end.

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