Ahead of Article 50 being triggered on Wednesday, Guy Foster outlines the sort of market movements he expects to see and some potential changes that could result to currency markets and funds.
The market has accepted and, to some extent, priced in the triggering of Article 50 on 29 March 2017. More likely, sterling will be impacted by the unfolding drama of the negotiations, which itself drives the performance of a number of equity sectors. While investors have been conditioned to expect the worst outcome - namely, a full break from the European Union, possibly without membership of the single market - it could be worth holding back a little on negative speculation. The UK government and its European trading partners are bound initially to strike an uncompromising tone but ...
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