U.K. Is Investable Again, Says Citi Private Bank’s Peng

The transcript discusses the implications of Brexit on the UK market, highlighting the reduced risk of a no-deal exit and the potential for the UK to become investable again. It analyzes the current position of sterling, noting that recent optimism is priced in and further news could impact the market. Expert opinions suggest that an extension of Brexit negotiations could be positive, reducing the chance of a no-deal exit and making a general election more likely. The discussion also covers investment strategies, with a focus on UK equities, suggesting increased confidence in the market as the risk of a no-deal Brexit diminishes.

What are the implications of the recent votes on the UK's investability?

How has the perception of risk changed regarding a no-deal exit after the recent developments?

What factors contribute to the current positioning of sterling in the market?

What is the significance of an extension in the Brexit process according to the analysis?

How does the current political climate affect the likelihood of a general election in the UK?