Brexit in January 2020 won't lift fog over UK markets, investors say [Reuters (UK)]
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Source: Reuters
Brexit in January 2020 won't lift fog over UK markets, investors say - Reuters 5 Min Read LONDON - Never mind Britain’s general election and January 2020 Brexit deadline — there is a fog over UK assets that won’t lift any time soon, some of the world’s biggest money managers said. Asset managers speaking at the Reuters Investment Summit in London were broadly of the view that whichever party wins Dec. 12’s election, Britain has dodged the worst-case scenario of a no-deal Brexit. But they fear the new Jan. 31 Brexit deadline only marks the start of a new headache — negotiating a lasting trade relationship with the EU by December 2020, when the transition period agreed with Brussels ends. Following that, trade deals must be also struck with the rest of the world. If that takes more time than expected, it could lead businesses to hold off on much-needed investment, weakening growth and hurting markets even more, investors told the summit. The pound has bounced in recent weeks after Prime
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