Why investors are not over the moon about Brexit
Regardless of who wins the leadership race, a messy divorce from the EU will likely pummel the nation’s assets and darken its economic prospects
London — Whoever wins the UK’s leadership race, investors say its markets will lose.
That’s because for years only one thing has mattered to money managers focused on Great Britain — the risk of a messy divorce from the EU pummelling the nation’s assets and darkening its economic prospects. It’s a scenario neither frontrunner Boris Johnson nor his adversary Jeremy Hunt may be able to avert.