Guy Stephens: Is there a Brexit bubble?

Sterling’s artificially positive impact

clock • 5 min read

Investors and their advisers need to consider whether there is now a 'Brexit bubble' supporting the UK equity market, warns Guy Stephens, and position portfolios accordingly as future performance drivers shift

Elections always serve as a useful reminder of what democracy is supposed to represent. We are all aware that, in this age of populism, a significant proportion of the electorate is disillusioned with the western political system, which is encouraging support for more radical ideologies. Although France has elected a pro-European moderate in Emmanuel Macron, who is ‘market-friendly', they have rejected the two mainstream incumbent parties. Imagine the same in the UK - it would be equivalent to the UK electorate rejecting the Conservatives and Labour and a new party of one year's tenure e...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Treasury's growth-focused regulatory reform to target four key areas

Treasury's growth-focused regulatory reform to target four key areas

HoL committee meeting

Alex Sebastian
clock 18 March 2026 • 2 min read
Reeves warns 'unwise to speculate' on Iran conflict's impact on UK economy

Reeves warns 'unwise to speculate' on Iran conflict's impact on UK economy

Treasury Committee hearing

Michael Nelson
clock 11 March 2026 • 2 min read
Fahad Hassan: Gulf crisis reshapes inflationary outlook

Fahad Hassan: Gulf crisis reshapes inflationary outlook

'This is an old-fashioned economic shock'

Fahad Hassan
clock 10 March 2026 • 3 min read