China, US and Europe Bigger Impact on UK Stocks than Brexit

Global growth will have a larger impact on UK equities than Brexit, says Morningstar Investment Management's Mike Coop

Mike Coop 17 January, 2019 | 7:29AM
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Mike Coop: So, we saw yesterday the defeat of the government's proposal on Brexit based on the EU withdrawal agreement negotiated back in November. This leaves us with a wide range of scenarios from a hard Brexit whereby at the end of March we drop out and move to WTO terms through to no Brexit if there is a referendum and a decisive majority in favor of remain through to some other negotiated form of deal. Of course, it's also possible that there could be a change of government and with it some new economic policies.

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Mike Coop  is Head of Multi-Asset Portfolio Management, EMEA, Morningstar Investment Management

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