Europe has pulled itself up off the canvas today, with indices in the region paring back around half of yesterday’s wobble. Even a body shot from Boris Johnson hasn’t been enough to thwart the intraday recovery, with his threat that the UK will begin preparing for an Australia-style agreement (read no-deal) proving only a glancing blow to Sterling. Since then we have seen action from the European side, with Von der Leyen sending a team to London to ‘intensify’ talks. Feels more like bluster from Johnson than a walk out hence the mild reaction, but still not helpful for companies trying to plan for the future.
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