Longer Extension More Likely Than No Deal
The EU has made it clear that they are no longer interested in shorter extensions. Therefore, its either no deal or a longer extension which could be many months to almost a year. If this is the case, I would expect a significant rise in this pair as it would significantly alleviate the risk of the UK leaving the EU at all. May never come to fruition and we would likely see a completely new government form relatively soon which may even hold another referendum.
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