Guy Stephens: Is there a Brexit bubble?

Sterling’s artificially positive impact

clock • 5 min read

Investors and their advisers need to consider whether there is now a 'Brexit bubble' supporting the UK equity market, warns Guy Stephens, and position portfolios accordingly as future performance drivers shift

Elections always serve as a useful reminder of what democracy is supposed to represent. We are all aware that, in this age of populism, a significant proportion of the electorate is disillusioned with the western political system, which is encouraging support for more radical ideologies. Although France has elected a pro-European moderate in Emmanuel Macron, who is ‘market-friendly', they have rejected the two mainstream incumbent parties. Imagine the same in the UK - it would be equivalent to the UK electorate rejecting the Conservatives and Labour and a new party of one year's tenure e...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read