Brexit uncertainty will keep equity investors away

By Aidan Gregory, Sam Kerr
13 Mar 2019

There was a dark mood in equity markets on Wednesday morning after the UK parliament rejected prime minister Theresa May’s negotiated Brexit withdrawal agreement by a huge majority for a second time. A possible delay to the UK's departure from the EU and all of the crippling uncertainty that entails is set to continue to hamstring equity capital markets.

Few expected MPs to approve the withdrawal agreement on Tuesday night. However, the confirmation for the deal’s rejection will only strengthen investors' resolve of investors to stay away from the country.

"What is important about this is that even if you were going to see an extension, which ...

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