The extent of the effect of Brexit uncertainty on UK business and consumers remains unclear

Mixed economic data out of the UK has still not drawn a clear picture of the impact of Brexit uncertainty on UK businesses and consumers.

The absence of any collapse in investment seems to indicate that UK companies are for now taking a sanguine view of the likelihood of a no-deal Brexit, though odds markets place the chance of this happening at roughly one in three.

GBP/PLN (07/08/19 - 15/07/19)

Source: Bloomberg Date: 15/07/19

Author: Enrique Diaz-Alvarez, Chief Risk Officer at Ebury

Keywords Ebury