Market notes: limping on towards Brexit

The politics of Brexit are becoming more intricate and fascinating that the issue of Brexit itself. Or so it seems if you rely on the media for your sense of what is going on in this protracted and oh so tortuous saga. For an investor the most important thing is to remain dispassionate in your analysis, whichever side of the argument you may favour personally. For the moment, after this week's close votes in the House of Commons, Mrs May staggers on, with attention now set to shift to how the EU responds to the now somewhat dog-eared White Paper proposals that emerged from the Chequers meeting. It seems clear that Michel Barnier, the EU's chief negotiator, will ratchet up the warnings to other EU countries that they should prepare for a no deal outcome.

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