The recent preoccupation of the media with all things Covid-19 related has pushed other major market influences to the back of investor minds over the last three months, writes Guy Stephens, who says it is sensible to look forward and return to these issues that are still ever-present in the background…
The first of these three big issues is the dreaded Brexit. We seem to be travelling down the same road as we did in 2019 with a looming deadline ahead of a possible no-deal cliff edge hard Brexit. We detect a certain degree of market fatigue with the whole saga, although it has continued to undermine the sterling against other major currencies and deter global investors from the UK equity market. The UK equity market underperformed world indices for much of 2019 and before that. 2020 to date has been no different and this underperformance has continued, which has to be partly due to Brex...
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