Overview: After a shellacking in recent days, the sterling has stabilized though there is not much of a bounce to speak of, suggesting the adjustment to the risk of a no-deal Brexit may not be complete. After the S&P 500 posted back-to-back declines, Asia Pacific equities struggled. Hong Kong shares led the regional decline. European stocks are little changed after the Dow Jones Stoxx lost nearly 1.6% yesterday, its largest loss in two months. The bank share index dropped 3% yesterday, the most in four months, but has steadied today. US shares are trading with