Wyn Thomas - Axys Investment Management

Weekly Market Commentary 18th January 2019

MARKETS UNFAZED BY BREXIT NOISE

This week has been dominated by politics. While we should have more to say about the week’s events, a crushing defeat for the government on Brexit
and scraping survival in a no confidence vote, hasn’t really changed anything. The markets have ignored all of it, suggesting that ministerial impotence
and uncertainty are now priced in as the new normal. With the UK now effectively having no functioning government, and with no hint of one in
opposition either, we think the market might be on to something. Read more…