• Deutsche Bank said on Monday it cut its probability that Britain will crash out of the European Union on Oct. 31 without a deal to 35% from 50% previously.
• For now, all eyes will be on both the upcoming Party conferences and any possible breakthrough in the run-up to next month's EU summit.
• Johnson has pledged to leave the EU with or without a deal on Oct. 31.

"Elections remain our base case, however. For now, all eyes will be on both the upcoming Party conferences and any possible breakthrough in the run-up to next month's EU summit," it said in a note.

Johnson has pledged to leave the EU with or without a deal on Oct. 31, even though British lawmakers have passed a law which would force him to request a delay beyond that date if he is unable to reach a deal with the EU.