FTSE 100 set for hesitant recovery in 2019 amid Brexit crunch: poll
Updated : November 28, 2018 07:34 AM IST
Investors must navigate Britain's formal exit from the European Union in March and some see a likelihood of a snap general election next year too, opening the possibility of a Labour government replacing the ruling Conservatives.
The median forecast of almost 30 respondents was for the FTSE 100 to end 2019 at 7,500 points. The index was expected to end this year at 7,185 points and reach 7,357 points by mid-2019.
So far this year the FTSE 100 has lost about 8.5 percent. That followed two years of gains as the exporter-heavy index benefited from a weak currency since vote on June 23, 2016 to leave the EU.
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