New turning point in Brexit? Schroders won't bet on it

Investors have lost confidence in predicting the Brexit outcome, according to Azad Zangana senior economist from the UK-listed asset manager.

Prior to joining Schroders, Azad Zangana was an economist at the British ministry of finance, Her Majesty's Treasury. | Photo: Søren Top

Late last night, the UK and the EU agreed a new Brexit deal containing minor "corrections" compared to the original deal, which was rejected by a wide margin in the UK House of Commons. Today, Tuesday, in the parliament members are to vote on the new deal, however, it remains unknown when the vote will happen.

According to Azad Zangana, senior European economist & strategist at Schroders, many investors are sitting back and waiting, as they have lost confidence in predicting the outcome and predicting when that outcome will come through.

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