Brewin Dolphin's Foster: Unfolding drama of Brexit negotiations will impact sterling

Negativity surrounding pound excessive

clock • 2 min read

Ahead of Article 50 being triggered on Wednesday, Guy Foster outlines the sort of market movements he expects to see and some potential changes that could result to currency markets and funds.

The market has accepted and, to some extent, priced in the triggering of Article 50 on 29 March 2017. More likely, sterling will be impacted by the unfolding drama of the negotiations, which itself drives the performance of a number of equity sectors. While investors have been conditioned to expect the worst outcome - namely, a full break from the European Union, possibly without membership of the single market - it could be worth holding back a little on negative speculation. The UK government and its European trading partners are bound initially to strike an uncompromising tone but ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK retail sales on the rise in June but outlook 'not all bright and sunny'
UK

UK retail sales on the rise in June but outlook 'not all bright and sunny'

Food sales up 4.1%

Sorin Dojan
clock 15 July 2025 • 2 min read
Retail investors holdings trillions in cash on the eve of rumoured Cash ISA reforms
UK

Retail investors holdings trillions in cash on the eve of rumoured Cash ISA reforms

Chancellor expected to address limit

Eve Maddock-Jones
clock 14 July 2025 • 2 min read
FOS chair refuses to explain former CEO's sudden departure
UK

FOS chair refuses to explain former CEO's sudden departure

TSC slams Manzoor's 'disrespectful' assertion

Isabel Baxter
clock 14 July 2025 • 3 min read
Trustpilot