Brexit's Dialog of the Deaf Isn't Fooling London Bankers [Bloomberg Business News]
Barclays PLC (BCS)
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Source: Bloomberg Business News
We are about a year away from the U.K.'s formal exit from the European Union, its biggest trading partner, and we are none the wiser as to how it will work in practice. Every day that goes by without a politically acceptable solution -- one that both sides can sell to their respective constituents -- leaves companies and banks with little choice but to shift jobs and investment in order to limit their losses. Even if you believe this is just an epic bout of bluff-calling, the stakes are uncomfortably high, from a hard Irish border to a diminished City of London. The idea that CEOs will do nothing until B-Day looks increasingly far-fetched. Brexit Blues U.K. blue-chip equities have lagged other regional benchmarks since end-2016 Source: Bloomberg Speeches from European Council President Donald Tusk and U.K. Chancellor Philip Hammond on Wednesday are likely to show how little has changed since a much-ballyhooed breakthrough in talks back in Dece
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