Source: business.financialpost.com - Wednesday, February 27, 2019
British Prime Minister Theresa May has offered lawmakers a vote that would prevent the United Kingdom from tumbling into a disruptive “hard Brexit” and instead delay its exit from the European Union. As the likelihood of an orderly departure from the EU strengthens so too does the argument for investors to avoid pulling out of the beleaguered U.K. market — at least for now, according to some analysts. “If anything at the moment, pulling out of the U.K. is the worst thing you could do because the market has gotten down on the U.K.,” Peter Westaway, chief economist at Vanguard. Placing the probability of a “no-deal Brexit” at just 5 per cent, Westaway argued “there are enough sensible heads around the table” to prevent that outcome. “All the doom and gloom in the market is probably a little misplaced,” he told reporters. Seven ways to safety-proof your U.K. investments in a ‘no regrets’ Brexit portfolio Our debt-clogged world is just one shock away from tipping into recession Barclays sets aside millions to deal with Brexit uncertainty The British pound surged Tuesday as May promised members of parliament three crucial votes. The first will decide whether the U.K. will leave the EU on March 29 under the terms of her deal — an arrangement that has so far failed to win the support of lawmakers. The second vote will decide whether to leave with no deal — a so called hard or “crash” Brexit. Should that option be rejected, a third vote
Source: Breaking News
British Prime Minister Theresa May has offered lawmakers a vote that would prevent the United Kingdom from tumbling into a disruptive “hard Brexit” and instead delay its exit from the European Union. As the likelihood of an orderly departure from the EU strengthens so too does the argument for investors to avoid pulling out of the beleaguered U.K. market — at least for now, according to some analysts. “If anything at the moment, pulling out of the U.K. is the worst thing you could do because the market has gotten down on the U.K.,” Peter Westaway, chief economist at Vanguard. Placing the probability of a “no-deal Brexit” at just 5 per cent, Westaway argued “there are enough sensible heads around the table” to prevent that outcome. “All the doom and gloom in the market is probably a little misplaced,” he told reporters. Seven ways to safety-proof your U.K. investments in a ‘no regrets’ Brexit portfolio Our debt-clogged world is just one shock away from tipping into recession Barclays sets aside millions to deal with Brexit uncertainty The British pound surged Tuesday as May promised members of parliament three crucial votes. The first will decide whether the U.K. will leave the EU on March 29 under the terms of her deal — an arrangement that has so far failed to win the support of lawmakers. The second vote will decide whether to leave with no deal — a so called hard or “crash” Brexit. Should that option be rejected, a third vote
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Source: Breaking News
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