Are investors enjoying 'calm before the storm' on Brexit deal?

Two-year long Brexit negotiations ahead

The UK's economic growth has been surprisingly resilient in the face of the uncertainty posed by the country's decision to leave the European Union. The weakening of the pound has certainly been key in dampening the impact of the Brexit shock, improving the UK's competitiveness markedly.

Although this benefit has yet to transpire in actual numbers, a cheaper pound should support exports. At the same time, the country is enjoying record tourist inflows and spending.  Yet, this reprieve might be only temporary as the calm before a storm. The two-year long negotiation process with the EU promises to be difficult and, despite the government's attempt to address them in a recent white paper, many question marks remain as to what the UK will look like in a post-Brexit world.  Investec multi-asset team: The stage is set for a rally in sterling In addition, the drop in the...