RPT-REUTERS SUMMIT-Brexit in Jan 2020 won't lift fog over UK markets, investors say [Reuters (UK)]
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Source: Reuters
RPT-REUTERS SUMMIT-Brexit in Jan 2020 won't lift fog over UK markets, investors say - Reuters 5 Min Read (Repeats Friday’s story without changes to text) * Transition period not long enough, LGIM says * Elections won’t solve Brexit uncertainty * Fund managers remain cautious around UK assets * For other news from Reuters Global Investment Outlook Summit: * here By Elizabeth Howcroft LONDON, Nov 11 - 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
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