Waverton: Orderly Brexit could boost UK equities and the pound

Investors could return to UK assets

An orderly Brexit could be the catalyst for UK equities and boost the pound, according to Waverton Investment Management.

William Dinning, CIO at Waverton, said that if an agreement is reached between the UK and the EU, it could remove the fear over the pound falling. "Sterling recovered in the spring before going sideways since April, admittedly with some occasional bouts of volatility. The UK and the EU are coming to the deadline for reaching an agreement on how the UK will leave the EU. We are optimistic that an agreement will be reached," he said. "This may remove one fear that has kept investors away from UK assets which is worry that a chaotic Brexit will produce a much weaker sterling." The lan...