Barclays makes 'tactical shift' back into risk assets on Brexit delay

Upgraded UK and European forecasts

Barclays is rotating back into risk assets for the first time in a year after fears over China and Brexit have abated.

In the latest quarterly Barclays Global Outlook, head of macro research Ajay Rajadhyaksha said the firm is making a "tactical shift" towards risk assets for the first time in several quarters. This marks a turnaround in sentiment for the research head, who earlier this year cautioned investors against buying risk assets on macro concerns. Miton's Rayner: Two months on- a Brexit progress report "China should enter 2017 with more economic momentum, and in the UK Brexit has happened - we were very surprised by how calmly the markets reacted to that. "The UK government has said it w...