Every few months, I spend a few days of the week travelling across the UK with Tatton’s relationship management team updating regional gatherings of financial advisers. This time around, it was not surprising to find most of the conference rooms filled with anxiety about the risk that Brexit may bring to their clients’ investments. Our market update presentation only touched on Brexit towards the end, where we had somewhat reluctantly dedicated a slide to the possible investment outcomes of various scenarios. But we put most attention on the latest global monetary and economic developments.
It may seem imprudent to UK investors that we are seemingly so blasé about the heightening political Brexit drama, and spend much more time watching the latest data points from China’s economy, and studying in far more detail the latest policy releases from the US central bank, the Federal Reserve (US Fed). In a private capacity, that is certainly not true in my case, particularly when you have strong roots in both the UK and the European mainland.
