Brexit deal proves immensely difficult
As I write this, negotiators are working round the clock to reach a deal on Brexit. However, as UK Prime Minister May put it, talks are ‘immensely difficult’. While that is no surprise, we have already waited a very long time for any kind of deal. Moreover, it suggests that ‘no deal’ is still a possibility. The odds of a ‘Brexit no man’s land’, in particular, are what have pushed the British pound down again. History has taught us, however, that after such a prolonged period of negotiations, any deal, even a hard Brexit, is likely to eliminate at least some uncertainty.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named one of the ‘50 Twitter accounts for investors 2017’ by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.