Cazenove's Jeffrey: How economic data continues to challenge the post-Brexit consensus

First it was the stockmarket and now it is household spending: financial and economic trends are defiantly failing to develop as predicted.

For example, while the international nature of the FTSE 100 boosting the index to its highest levels since mid-2015 is perhaps a little easier to understand, given the post-Brexit referendum fall in the value of the pound, it is harder to explain away the strength of the FTSE 250 index (which is approaching its all-time high) and also that of the FTSE Small Cap (ex Investment Trusts) index - which is also at an all-time high. Neptune mid-cap team: How we responded to post-Brexit sell-off Clearly, a few of us have not read the script. Either that or investors are making a horrible mist...