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» A no-deal Brexit could cause a 10% to 20% drop in UK bank stocks and a 6% to 10% decline for London s FTSE 250, Morgan Stanley says A no-deal Brexit could cause a 10% to 20% drop in UK bank stocks and a 6% to 10% decline for London s FTSE 250, Morgan Stanley says Shalini NagarajanDec 11, 2020, 20:33 IST Xinhua/Han Yan via Getty A no-deal stocks and a 6% to 10% decline in the UK s FTSE 250, Morgan Stanley said on Friday. A no-deal Brexit outcome would represent an unexpected surprise to markets, however the negative impact would be cushioned by an otherwise positive global outlook, strategists wrote. Other UK sectors at risk are insurers, real estate, and house-builders. ....