December 21, 2018 – The UK is scheduled to exit the EU on March 29, 2019. During the two years since the original UK withdrawal notification, businesses have been preparing for two scenarios: either a negotiated transition to a future free trade agreement or a disorderly departure. Until mid-November, given the troublesome issue of the
October 5, 2018— On March 29, 2019, the UK officially leaves the EU, 33 months after the June 23, 2016 referendum. Fortunately, the referendum triggered a depreciation of pound sterling that has boosted the international competitiveness of UK goods exporters (Figure 1). Moreover, since the referendum, UK firms have been assiduously preparing for post-Brexit challenges, even
July 13, 2018—The unresolved issue of Brexit—the UK’s exit from the European Union (EU)—continues to present ongoing uncertainty for the UK and broader European equities. Markets have already priced in much of this uncertainty. If the UK fails to conclude an agreement with the EU on post-Brexit arrangements, we believe equities will be negatively repriced. If the U.K.