The firm maintains their view on the way Brexit will play out
- The politics of Brexit have become more protracted
- As a result, the side-effects on Brexit on the UK economy have intensified
- Capex by businesses have been particularly subdued
All you have to know here is that sentiment remains that a no-deal Brexit is still seen as unlikely for the time being. As for a deal, we've been at this crossroads for many a time now over the past few months. Until something gets done, it's more likely there will be another extension than there will be a Brexit deal that the UK parliament can get behind.
