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Thanks for the post and (as usual)well thought out points.

the pound has weakened since Brexit. Brexit is potentially perilous to the UK economy, especially if tax tariffs are erected between the UK and mainland Europe. I can’t see how such an eventually won’t effect WPP negatively

Since we have a (rather smaller) OMC position too, I've followed both for some time. Actually WPP for longer since 30 years ago we were neighbors in Farm Street, London.

WPP's book of business is multi-national (as is OMC's) and less a function of the UK economy than one might think. Their once largest UK client, Unilever already departed a while ago. On the other hand, Sir Martin is getting older, (even older than me) and that creates a bit of a wild card, though not sure how much.
I also believe that the price of OMC has held up better of late than WPP, thus my inclination to
favour WPP at the moment.

t h
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