Cavendish: UK firms seem confident of Brexit deal before March

Response to FCA warning

Following today's warning from the FCA that businesses should prepare for a 'hard' Brexit, Cavendish Asset Management's Paul Mumford and Nick Burchett say companies remain unphased.

It's no surprise that the FCA has warned the City to prepare for a no-deal Brexit given the lukewarm response to the Brexit white paper. However, regardless of the political drama, markets still seem relatively unphased, which has been a running theme of the Brexit saga so far. This seems to still be the case now, despite the serious rift the Chequers agreement has opened within the Tories. Business hates nothing less than uncertainty, yet the market is merely noting and not reacting to these resignations. The idea that British businesses are panicked is an exaggeration to say the least....