Wyn Thomas - Axys Investment Management

Weekly Market Update 15th December 2017

GOVERNMENT DEFEATED ON FLAGSHIP EU BILL

This week yet more problems for Theresa May have come piling out of the Brexit clown car. Having made significant progress by securing an agreement
on the first phase of negotiations, any momentum was promptly halted through a series of unforced errors. Firstly, David Davis did his best to undermine
the agreement by claiming the UK might not stick to the terms later on, before the government mismanaged a vote on the EU Withdrawal bill and
suffered a defeat in the commons. Despite all the drama, the probability of a reasonable deal and transition period still looks better than it did a week
ago. Read more…