Analysts at Nordea Markets suggest the solid victory at the UK's general election for the Conservatives and Boris Johnson should pave the way for a divorce deal ratification in January.

• "It appears that the markets have not yet fully priced in the expected difficulties concerning the phase two negotiations about the future trade relationship (even despite some sterling weakness this week).
• We, therefore, see downside risks in the coming quarters for the sterling - partly due to these phase two negotiations, partly due to continued weakness in the economy (especially in the labour market).
• Our lukewarm sterling outlook also seems to be more in line with the option market which is clearly positioned for GBP weakness in 2020. We have EUR/GBP at 0.88 on 3-month horizon."