Shares in London’s UK-oriented businesses, such as house builders and retailers, could rocket to record highs if parliament approves the government’s Brexit deal, investors say
LONDON - Shares in London’s UK-oriented businesses, such as housebuilders and retailers, could rocket to record highs if parliament approves the government’s Brexit deal, investors say. They also predict the pound will rally around 5%.
Sealing the deal now, however, could send the second-tier FTSE 250 index, a closely watched barometer of Brexit risk, surging around 5%, an informal poll of analysts by Reuters showed. Parliament will debate on Saturday the last-minute agreement between Prime Minister Boris Johnson and the European Union. But Johnson’s opponents in the legislature are trying to force a Brexit delay or another referendum. He also lacks a majority, meaning the deal may fail to pass.
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