Richard Buxton, chief executive of Old Mutual Global Investors and manager of its £2.3bn UK Alpha fund, has said the biggest risk for the UK economy for 2018 is politics and the fact markets are not pricing in a potential change in leadership.
The manager said the "main disaster of this year" was Prime Minister Teresa May's decision to call a snap election and then losing it. He said: "Markets are not remotely pricing in how high the probability...
The US dollar is close to peaking and the risks now seem to be on the downside.
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