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FTSE 100 set for hesitant recovery in 2019 amid Brexit crunch - Reuters poll

by_helen_reid
FTSE 100 set for hesitant recovery in 2019 amid Brexit crunch - Reuters poll

Britain's top stock index will claw back some ground next year after a bruising 2018 but gains will be much more muted than originally expected, brokers, fund managers and analysts predicted in a Reuters poll on Wednesday. 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. While the previous Reuters poll in August saw the FTSE 100 almost reaching its May 2018 record high of over 7,900 by the end of next year, the Nov. 13-27 survey knocks 400 points off that estimate.