THE INVESTMENT OUTLOOK FOR 2019: MID-YEAR UPDATE
While no deal is not the most likely scenario in our view, the risks are rising. The UK outlook is binary. A Brexit deal could see sterling bounce to 1.40 against the dollar, but no deal on 31 October could see a further slump to 1.10.
Markets are increasingly nervous about the impact of the trade war on US corporate earnings and business investment.
There has been significant progress in the Brexit negotiations in the last 48 hours. A withdrawal deal has been agreed between the UK and European Union (EU).