Wyn Thomas - Axys Investment Management

Weekly Market Update 28th September 2018

PRESIDENT TRUMP’S SPEECH FALLS FLAT IN THE UN

This week the Brexit waters were muddied further at the Labour party conference, with Shadow Chancellor John McDonnell and shadow Brexit
secretary Sir Keir Starmer putting forward conflicting positions in consecutive speeches. McDonnell appeared to favour a referendum on a bad deal
versus no deal, while the more pragmatic Starmer thought an option to just bin the whole idea ought to be considered as well. While Labour’s position
on Brexit has been incoherent for a while, this would have been a perfect opportunity to come up with a real alternative; given there is a very good chance
the current government implodes, and this becomes Jeremy Corbyn’s decision. Read more…