Aerospace, autos, banks and supermarkets are among the sectors likely to be hardest hit by a disorderly Brexit, according to equity research by Morningstar.
Morningstar stressed a disorderly Brexit would be the worst-case scenario for markets and the only outcome likely to lead to changes to its long-term UK economic forecast. The UK is due to leave the European Union on 29 March 2019 under the terms of Article 50 but, at the time of writing, a deal has not been secured. The auto industry was highlighted as likely to lose the most in the event of a disorderly Brexit as it is highly integrated into the EU, with Germany being the top importer of UK cars and auto parts. Auto firms will also likely feel the most brunt from the World Trade O...
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