Barclays have conducted a "Brexit Investor.......>

UK: Barclays have conducted a "Brexit Investor Survey" which comprised a broad

range of investors on their views of the UK/EU negotiations progress. Key

findings were:

* Investors saw political risks/Brexit as the "biggest hurdle for markets" in

the next 6-moths, with Brexit at 41% and domestic politics at 26% while the

economy is the least of investors' worries.

* 80% of investors expect Tory government to "preside over" next 2 phases of

negotiations, with 50% of those thinking May will remain as PM while 30% think

there will be a leadership contest.

* 75% of those polled said a snap election leading to a Labour majority or a

Labour led coalition was the biggest risk to markets. Investors also said that

either scenario of Labour being in power was the most likely outcome of a snap

election.

* Over 60% of investors expect CPI to be above 2% target over next 2-yrs, but

see it declining over time with median forecast lower than 2.6% consensus. 42%

think BoE will raise rates in H2 2018, but a rather high 30% see H1 2018