Coasting from here: FTSE 100 gains hampered by Brexit woes, says poll
Updated : February 28, 2019 08:18 AM IST
The median forecast was for the FTSE 100 to reach 7,100 by June and 7,185 by the end of 2019, just a touch higher than current levels, a survey of almost 30 fund managers and analysts taken in the past two weeks showed.
The outlook illustrates the darkening mood among investors in recent months and suggests gains in the UK stock market, long shunned by international investors amid Brexit uncertainty, have likely run their course.
Much depends on the deadlock over Brexit with the March 29 deadline for Britain's exit from the bloc fast approaching. Investors have steered clear of UK stocks even as concerns the nation would crash out of the EU without a deal have eased.