UK Markets Are Suffering From a Six-Year Brexit Hangover
- Sterling, UK corporate bonds and stocks are struggling
- Divorce from EU exacerbates inflation, supply chain problems
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Brexit is an albatross hanging around the neck of the UK’s markets.
Britain’s shock vote to split with the European Union six years ago is still depressing the country’s assets and making it harder to recover from this year’s global market meltdown. The pound has dived nearly 10% in 2022 to be one of the worst-performing major currencies, sterling company bonds are on the longest losing run ever and years of stock malaise has made UK Plc cheap for takeovers.