Brexit is going to dominate the headlines once again this week with the vote on the withdrawal agreement scheduled to take place tomorrow. Theresa May is expected to lose comfortably and a vote of no confidence in her government is likely to follow fairly swiftly afterwards
Global equity markets started the year in the same nervous state as they closed 2018. Disappointing economic data from the US and China suggested that the impact of the trade dispute was beginning to be felt.
Last week, as a passing Brexit comment, we observed that a week is a long time in politics. It also proved that a week is an even longer time for equity markets, as optimism in the early part faded into a heavy sell-off as the days passed.