British Prime Minister Theresa May leaves a news conference following an EU leaders’ summit in Brussels on April 11. International investors cannot say they have not been warned of the damage that a no-deal Brexit would wreak on the UK and European economies. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why Brexit has been but a blip in financial markets

  • Despite the worries of a no-deal Brexit, narrowly averted this week by a deadline extension, fund managers tend to see it as an idiosyncratic risk that’s potentially less damaging than systemic threats, such as the US-China trade war

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British Prime Minister Theresa May leaves a news conference following an EU leaders’ summit in Brussels on April 11. International investors cannot say they have not been warned of the damage that a no-deal Brexit would wreak on the UK and European economies. Photo: Bloomberg
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