When the referendum vote for Brexit occurred in June 2016 few could have predicted the outcome, and even fewer still could have positioned a portfolio accordingly. An unexpected outcome and disruption led to the UK stockmarket rising.
A no-deal Brexit would probably lead to continued uncertainty and a weaker domestic economy. However, it would most likely be accompanied by weaker sterling and a possible increase in UK stockmarket profits. Brexit Blog: FCA consults further on no-deal preparations For overseas investors a currency loss is a great deterrent and the fact that around 50% of investors in the UK stockmarket are based abroad may explain why many are more underweight the UK than they have been for some time. Clearly October was a rocky time for markets, with a sell-off which has had a hard impa...
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