Market Insights

GBP – Brexit flexibly delayed  Following the emergency EU summit, the UK’s exit from the EU is now ‘flexibly’ delayed to the end of October.  Parliament is now in recess so expectations are for a quieter week in politics. The immediate risk of a ‘no-deal’ Brexit appears to have been averted. Reports suggesting that Government work preparing for this has been suspended. Markets have shown little response to the news as this extension means an extension of uncertainty which has already weighed on the economy. An extra six months of uncertainty is unlikely to see businesses kick-start investment. We expect