As the European Parliament elections approach, the nature of the UK's withdrawal from the EU remains as uncertain as ever, writes Rob Morgan, pensions & investments analyst at Charles Stanley Direct.
All options are still on the table, ranging from 'no deal' to 'soft' Brexit, or even no Brexit at all. While we are stuck in Brexit limbo, markets might not react that much. However, on confirmation of a certain path, things could move quickly. As investors we should be prepared for this, even though we won't know which way it will go. Unhelpfully, on top of the outcome being uncertain the timescale is unknown. Normally 'event risks' like elections or political decisions have quantifiable timeframes. FCA devotes more than 300,000 man-hours to Brexit Brexit, as we have learn...
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