Reuters reports that investment bank Goldman Sachs said that odds of a damaging no-deal Brexit are "meaningfully lower" than the market is implying and for investors willing to look through short-term volatility, current sterling levels are attractive.

The bank said the market was pricing 40%-45% odds of Britain ending its post-Brexit transition period without reaching a free-trade agreement with the European Union.

While those odds could rise further, Goldman Sachs said the UK government was aware how damaging a no-deal outcome would be to the economy.