Multi-Asset Solutions Weekly Strategy Report
Also Interesting
Global markets and multi-asset portfolios
- The Brexit “Leave” campaign assured the electorate that the benefits the UK enjoys as a manufacturing export base to the European single market, with London unchallenged in services, would persist without conceding anything in return. Now it is clear that access to the single market comes at a cost.
- The prime minister, with a paper-thin majority, has corralled the Cabinet behind a withdrawal agreement, but does not yet appear to have Parliament’s support for the bill, and the timeline is tight.
- With little time, and believing exiting without a deal would be dangerous and destructive, Parliament could grudgingly approve the Brexit deal now on offer; the bill could also fail.