Cavey wrote:
Not all doom and gloom: shares rallying strongly, pound recovering... maybe the city slickers know something we don't?
I think the reality is that for now, and for some period down the line, fundamentals remain the same, but there is downside risk to uncertainty.
I've just received the HSBC Brexit briefing and they've marginally cut 2016 growth figures for current year (1.8% to 1.5%), although 2017 is a little harder at 2.1% to 0.7%. Forecast USD rate at 31/12 is £1=$1.2 though, which imports inflation to increase the 2017 inflation rate to 4.0% as opposed to anticipated 1.7%.
Therefore nothing is anticipated to overperform, but neither are the wheels anticipated to come off.