Why there is a heightened willingness to embrace reform in Europe

UK only accounts for 6% of eurozone exports

The economic outlook for the UK remains very uncertain - with survey data released since the vote suggesting a sharp slowdown looms, writes Stuart Mitchell, manager of the SWMC European fund.

Most notably, the manufacturing, construction and service purchasing manager indices moved sharply in July, the worst figures reported since the depths of the global financial crisis in 2009. Consumer confidence surveys have noted a sharp deterioration. Sterling falls as May announces Brexit trigger date  However, as always, we must be very careful how we respond to the data. The numbers are notoriously volatile and are 'guesses' about the future. Companies themselves have been rather more upbeat. Most notably, the banks have reported no changes in trend post-referendum. Likewise, ...