There are some that say a no deal is already factored into the market, but it’s all a matter of opinion of course. They keep extending the date so maybe they’ll reach a mutual agreement?
I’ve just started a UK pie but I’d hate to say now is or is not the right time as I’m not experienced enough to give that kind of advice. All I do know is that I’m investing long term so it may not have detrimental implications for me either way.
However, there are a few stocks out of there that I am interested in, but seem a bit expensive to me considering the whole situation with the pandemic. I am waiting to see if there is significant Brexit or Covid “volatility” and they dip significantly, in which case I would buy them then.
I think that what is factored in is a “basic” trade deal. In my opinion, if by any chance there is a “no deal”, it is likely to cause a significant dip in UK stocks and a more moderate one in European stocks.
As you say, it is all opinion. No one really knows.