Brexit delay: Industry reacts to ‘unfolding shambles’

Katie Royals, 12/04/2019

Market reaction was muted following the UK’s Brexit extension to 31 October 2019, perhaps proving that “investors are almost entirely de-sensitised to the unfolding shambles,” Guy Foster, head of research at Brewin Dolphin has said.

Arguably, this could be due to the announcement being expected. In fact, Simon Black, head of investment management at Dolfin, told thewealthnet that he had predicted a delay of nine to 12 months, so was not “massively surprised”. Although the six months granted was slightly shorter than expected.

One interesting observation after the announcement was that “despite an ex...

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