Market Update September 2016

“Prophesy is a good line of business, but it is full of risks.”
Mark Twain – Following the Equator 1894

Both Pre-and Post Brexit, I read extensively about the economic arguments behind the vote and took the view that our economy was simply not robust enough (given the twin deficits and public sector net debt) to risk an economic downturn. I voted Remain. Three months on however (and whilst I have not changed my mind), my sense is that we will end up with a soft – Brexit for the simple reason that Europe depends on us as much as we do on them for trade and this will force stability.

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Posted on Wednesday, October 12, 2016