Bloomberg
Published Jan 15, 2019 22:08
Updated Jan 16, 2019 01:06
Brexit Reaction: Here Are Market Players' Key Takeaways on Saga
(Bloomberg) -- After Britain witnessed the biggest defeat for any government in modern history in the voting down of Theresa May’s Brexit deal, finance professionals are positioning for what’s next.
Many believe there’s an increased chance Britons will get to vote again in a national ballot on Brexit -- a repeat of the 2016 vote that triggered May’s rise to the helm in negotiating the U.K.’s exit. Below, lightly edited insights from market strategists, investors and analysts on what happens now.
“The reason why the markets seem kind of calm about it all is it takes away the option of just crashing out,” David Blanchflower, a former policy maker at the Bank of England and now a professor at Dartmouth College in New Hampshire, told Bloomberg TV. “They have to defer, they have to delay. The prospects of a second referendum are rising and prospects of no Brexit at all are rising.”
Evercore ISI, Krishna Guha
Aberdeen Standard, Stephanie Kelly
Crossbridge Capital, Manish Singh
Credit Suisse (SIX:CSGN), Sonali Punhani
Merian Global Investors, Richard Buxton
Daiwa Capital Markets, Paul Kitney
Written By: Bloomberg
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