No-Deal Brexit Becomes Base Case For One Bank, Prompting Change To Fed Cut Call

Barclays has seen enough on a number of fronts, apparently. The bank on Tuesday adopted a no-deal Brexit as their base case scenario for the UK, noting that "the Johnson government is committed to delivering Brexit by the October deadline, and it has greater leeway to deliver, thereby making a no-deal outcome more likely than not". Needless to say, that wouldn't be the best news in the world for the UK economy which, you'll recall, contracted 0.2% in the second quarter, far worse than the stag