Hard BREXIT: Sterling Slumps, Stocks Soar

Many investors may be surprised that following the announcement that Article 50 would be invoked in March next year stocks continued to soar. Followers of this blog and our reports will certainly not be surprised, we live in an upside down world where, as far as stocks are concerned, good news is bad and bad news is good. Bad news, and the path of Hard BREXIT is a perilously dangerous road, merely increases the likelihood of more QE or other forms of stimulus.

Sterlings fall to a 31 year low on the other hand is the clearest signal that investors remain extremely concerned.