According to analysts at JP Morgan and UBS, the probability of the government being unsuccessful in reaching a Brexit deal is decreasing. This should reduce the risk that the economy is facing and reinstate confidence into investors, as well as businesses.
UBS said “the progress made on Brexit negotiations will likely have lessened uncertainty” for business investments and hiring as “the UK looks set to enter a transition agreement” where “little should change operationally for most firms”.
Economist Dean Turner stated, “Unquestionably, uncertainty about a final agreement will linger, so we consider it too early for a rebound of business investment. Still, the threat of a sharp near-term slowdown should diminish.”
