As fears of political and economic uncertainty rise, we can see the effect taking hold on the British consumer.
Follows 'ethical spinners' report
The threat of populism may have abated in Europe for now, but investors in the continent should not rest on their laurels, argues Chris Hiorns, manager of the EdenTree Amity European fund.
Gallery of managers' sweetest treats
Putting restaurants and retailers at risk
In the third part of a special Big Question, fund managers reveal their outlooks for global inflation and how this is impacting their portfolios.
The impact of the sharp fall in sterling post the EU referendum against a range of currencies had some initially predictable effects on UK equity markets.