Bringing you live news and features since 2006 

UK flag

Hard Brexit now more likely


Shilen Shah, Bond Strategist at Investec Wealth & Investment, comments on the news that the UK is initiate Article 50 by the end of Q1 2017… 

The confirmation by the PM that the UK would initiate Article 50 by the end of Q1 2017 does highlight the fact that the government is committed to leaving the EU. However, for market participants the key soundbite was that regaining control over EU immigration into the UK would be the priority ahead of membership of the single market. Following Sunday’s announcement, Sterling has weakened this morning with the GBPUSD exchange falling below 1.29 as a hard Brexit becomes more likely. Long term, if the UK does follow through with a hard Brexit, Sterling has the potential to come under further pressure given the probable stalling of Foreign Direct Investment (FDI).
The weak Pound may provide some support to the export orientated FTSE 100. Gilt market issuance is likely to increase given the likely weaker UK GDP profile following a hard Brexit, the Bank of England’s monetary easing however should keep a lid on Gilt yields rising significantly.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by