US shares led the charge last week bolstered by three factors. Firstly, the US Federal Reserve cut interest rates for the third time this year. (Although this event was well anticipated there was always the residual risk that it didn’t happen.)
Against most expectations, Boris Johnson came back from Europe with a deal last week. Despite not getting a meaningful vote in parliament on Saturday, the Letwin amendment that was passed makes the likelihood of crashing out of the EU without a deal at the end of this month much less likely.