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Brexit casts long shadow over UK markets

From reuters.com

Britain and the European Union are trying to reach a trade deal to regulate their relationship after Dec. 31, an agreement that should lift some of the uncertainty clouding the UK outlook 4-1/2 years after Britons voted to leave the trading bloc. The impact on UK financial markets of that vote and the years of negotiations and missed deadlines since has been profound -- the British currency is 20% below its long-term fair value, stock prices have underperformed almost every other major market and businesses have held back on new investment. On Wednesday, British finance minister Rishi Sunak will announce the heaviest ... (full story)

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  • Category: Fundamental Analysis