Steven Andrew's 2018 outlook: The Brexit effect

Reflecting on the year ahead, it is impossible not to talk about Brexit. The issue throws up lots of questions about the economic, political and social future of the UK's relationship with the rest of the world and markets await further clarity with anticipation. For investors, dealing with such uncertainty means identifying the pertinent facts and assessing them in the context of asset price behaviour - in other words, what is ‘priced-in'. In this respect, the important economic question on Brexit is not ‘what does the future trade agreement look like?' The pertinent question is, ‘how d...