15th January 2018
Fake news spreads to the Bond Markets and Brexit Negotiations
This week, like a many previous weeks, came with a lot of political noise, but largely saw markets continue to rise regardless. One of the more amusing bits of political theatre the markets ignored was the irritation of the Brexit secretary, seemingly over the EU warning British businesses to prepare for a no-deal Brexit. Despite months of rhetoric such as “no deal is better than a bad deal”, David Davis has apparently reacted badly to the EU taking the PM seriously. This is a reasonable point, the reshuffle this week showed that cabinet don’t take Mrs May seriously so it’s fair to ask why should anyone else.