Investors grow cautious on UK assets ahead of key Brexit vote: survey
Reuters
Published Dec 06, 2018 05:27AM ET
Investors grow cautious on UK assets ahead of key Brexit vote: survey
LONDON (Reuters) - Institutional investors have grown more cautious about the outlook for British assets ahead of a key vote on Brexit in Parliament next week, according to a quarterly survey by State Street Corporation (STT).
The proportion of investors looking to raise their holdings of UK assets fell to 15 percent from 21 percent in the third quarter, indicating the investor base is growing wary as Brexit talks approach a crunch point.
The so-called “Brexometer” index was conducted in the first week of November by State Street, which manages $2.7 trillion in assets globally.
Prime Minister Theresa May is battling to get a Brexit deal that she negotiated with the European Union through parliament in a vote scheduled for Tuesday with the treaty facing heavy opposition from lawmakers both for and against Britain leaving the bloc.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.