Retail stocks likely to withstand Brexit effect

Britain’s shock vote to leave the EU probably means a bad knock to consumer confidence. But that doesn’t need to feed through to bad vibes for all retailers.

Reality is still sinking in across Britain, which has the equity slump and sinking currency to prove it.

Though it will be weeks before any official data on the impact of the referendum on the UK economy is published, already some worrying signs for British retail have popped up.