Irish investors more hopeful now that prospects for a no-deal Brexit is fading. Irish stocks are rising as confidence in a Brexit deal grows, but they remain below 2018 levels, Noel O'Halloran, chief investment officer of KBI Global Investors says.
Irish stocks are rising as confidence in a Brexit deal grows, but they remain below 2018 levels, Noel O'Halloran, chief investment officer of KBI Global Investors says.
TOPSHOT - A vehicle passes an anti-Brexit pro-Irish unity billboard seen from the Dublin road in Newry, Northern Ireland, on October 1, 2019 on the border between Newry in Northern Ireland and Dundalk in the Irish Republic. - Britain will give the EU new proposals for a Brexit deal "shortly", Prime Minister Boris Johnson said on October 1, but rejected reports it would see customs posts along the Irish border.
The U.K. has close political and economic ties with its former Irish colony. Independent since 1922, Ireland still sends 15% of its exports to the U.K., trailing only its exports to the United States, where the 35 million Americans of Irish descent dwarf the Irish population of 4.8 million. About 40% of Ireland's food and drink exports go to the U.K.
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