Neptune's Mark Martin: MiFID II is creating a large mispricing opportunity

Ongoing uncertainty

The domestic UK economy continues to face ongoing political and financial uncertainty with little prospect of resolution in the near term.

Even if there were a short-term resolution, swift decisions by major corporations to resume investment into the UK (let alone make new investment decisions) are unlikely given the long timescale upon which such decisions are made.   Likewise, financial inflows into domestic UK-focused assets are unlikely while political uncertainty is elevated. Every crisis creates an opportunity, however, and there are undoubtedly opportunities to profit from depressed sentiment and low valuations relative to global markets.   'These are not normal times': Reaction to May's defeat as attention tur...