Guy Stephens: Bracing for the Brexit second wave

UK equity market has fallen behind the rest of the world

clock • 4 min read

The government is on the back foot following its Covid-19 strategy and the last thing it needs is a self-inflicted Brexiteer backlash. Unfortunately for the UK markets and sterling, this keeps the no-deal cliff-edge scenario very much alive, writes Guy Stephens

The newswires are becoming ever more focused on the potential for a second wave of Covid-19. This is unsurprising as various cities across the world go back into lockdown or at least have their populace freedoms curtailed due to an increase in infections. This was always a risk, but many hoped either the summer weather, mutations of the virus itself or the implementation of the lockdown would prevent this. Clearly, this virus is very effective at transmission and continues to find human hosts in order to thrive. A vaccine is probably the only way out for our lives to return to normal....

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