MSCI: 'Still Room For Further Losses' Under Hard Brexit
Experts fear a growing likelihood of a no-deal Brexit under Johnson's leadership
Despite the devaluation of sterling and underperformance of UK equities already witnessed as a consequence of Brexit, there is "still room for further losses" under a no-deal scenario - particularly for UK assets - according to MSCI research.
Since the 2016 referendum, the pound has lost 9% relative to a trade-weighted basket of currencies, while the UK long-term yield is significantly lower than it was in June 2016. In addition, equities...
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