New developments in the UK's messy divorce with the European Union aren't expected to weigh on UK-exposed stocks as company-specific issues eclipse the Brexit drama.
Analysts go on to note that companies took the biggest hit in the earlier iterations of Brexit when the UK voted to leave the EU in 2016 and around the originally-scheduled leave date in March. For companies that take in a significant portion of their revenue from the UK, the drawn out Brexit saga has taken a backseat to other issues despite parliament disarray and an impending Brexit vote that could leave the UK crashing out of the EU with no deal, according to analysts.
Stocks in the IT services sector with UK-exposure such as DXC Technology could begin to feel more pressure if Brexit consequences were to result in a slump in consumer and business spending.
The EU is moribund with its negative rates. A hard Brexit will force change. Merkel's, let's decay slowly policies, are a disaster
Yes that makes total sense
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Source: Reuters - 🏆 2. / 97 Read more »