In this note we look at the outlook for Sterling which, in the short term at least, is tied into an analysis of the likely BREXIT outcome, the currency implications for the economy, interest rates and inflation concluding with the impact for equity investors. There are a lot of moving parts but in conclusion while we think it understandable that Sterling is under pressure we argue that, outside major political dislocation, it is oversold.
We have publsihed an paper looking at competition in airport terminals. We examinine the histroy of privatisation in aviation and ask why is it that competition remains weak and unfinished in airport infrastructure. A copy of our note is available on request
We have published our quarterly economic and capital markets perspective a copy of which is available on request
With the possibility that Boris Johnston will be the next Prime Minister we examine how it may be possible to reconcile his pledge to leave the EU on 31st October with a broadly hostile Parliament. We think the possibility of meeting this pledge is somewhat higher than the consensus view but we also explain why in reality it simply kicks the can further down the road. A copy of the note is available on request.
We have published an analysis of the European elections examining the implications for capital markets. UK politics is polarising and with it political risk. We look at the implications for the Conservative and Labour Parties as well as the likely response from Parliament and EU If you would like a copy of the note please contact us.