Houses of Parliament and Big Ben to represent London and UK

Our Brief Weekly Economic and World Markets Overview from Quilter Cheviot

Economic Overview

by Duncan Gwyver, Chief Investment Officer

“Brexit box-set fans have another ‘exhausting’ and ‘divisive’ week in prospect as the chances of a no-deal exit have declined further. While the government has been forced to request an extension – and MP’s will have the opportunity to scrutinize and potentially amend the deal – political analysis of voting intentions suggests the Withdrawal Agreement Bill is now more likely to pass than not, followed by a general election shortly afterwards…”

Market Overview

By Alan McIntosh, Chief Investment Strategist

“Against most expectations, Boris Johnson came back from Europe with a deal last week. Despite not getting a meaningful vote in parliament on Saturday, the Letwin amendment that was passed makes the likelihood of crashing out of the EU without a deal at the end of this month much less likely. Sterling rose again and domestic and mid cap names in the UK stockmarket followed suit… ”

This commentary has been produced for information purposes only and isn’t intended to constitute financial advice; investments referred to may not be suitable for all recipients. Any mention of a specific security should not be interpreted as a solicitation to buy or sell a specific security. Investors should remember that the value of investments, and the income from them, can go down as well as up. You may not recover what you invest.