Crux's Penny: FTSE 100 Could Bounce on Hard Brexit

A no-deal or hard Brexit may be bad for the UK economy, but it could mean a boost for the FTSE 100, according to Crux's Richard Penny

David Brenchley 13 September, 2018 | 1:34PM

London Stock Exchange, FTSE 100, Brexit, hard Brexit, UK stocks

The FTSE 100 could again confound the naysayers and post gains in the event of a bad Brexit deal, according to Richard Penny at Crux Asset Management.

With almost £14 billion being withdrawn from funds in the Investment Association UK All Companies sector in the past 30 months, according to Morningstar Direct data, sentiment towards UK assets is currently at its lowest ebb for many years.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
British American Tobacco PLC2,668.00 GBX-1.19
CRH PLC2,973.76 GBX-0.71

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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