| Dear Investors, This week we look at the latest twists in the Brexit saga, and Mr Johnson’s revised Withdrawal Agreement. Key takeaways: - The UK parliament passed the Letwin amendment, which defers approval of Boris Johnson’s withdrawal agreement until the necessary legislation is adopted
- The Prime Minister has reluctantly asked for another Brexit deadline extension
- Mr Johnson will push a majority to approve his withdrawal agreement, and seek another vote this week
- The proposed transition deal would create a customs border for goods across the Irish Sea
- The risk of a no-deal Brexit is dissipating, and we initiated a GBP overweight last week.
Best regards, Stéphane Monier
Chief Investment Officer, Lombard Odier Private Bank | 
