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What Brexit’s unknowns mean for investors

There is no reliable way to incorporate the upcoming Brexit upheaval into a view of what price should be paid for investments

By Andy Davis   July 2017

What a mess. A snap election has sown confusion just as Brexit moves to the top of the political agenda, where it will remain for years to come—whoever is in charge. A crucial process is now highly uncertain and our negotiating hand looks very much weaker. Investors and markets seeking certainty on the terms of our departure will have to wait and although hopes may rise for “softer” outcome major risks remain.

In the areas I look at, any loss of European Union funding for British venture capital investment (equivalent to…

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