British Prime Minister Theresa May’s unenviable task of negotiating the British exit (Brexit) from the European Union (EU) has been dogged by challenges at every turn. However, the events of the past week may prove to be insurmountable for the beleaguered Prime Minister and ultimately lead to her downfall. In spite of the turbulence confronting her government, markets appear to be slightly optimistic about how the Brexit talks are developing.
2019 has begun with mixed macroeconomic data, but the market thus far has responded favorably, especially when compared with the sharp sell-off in equities in late 2018. The Manufacturing Purchasing Managers Index (PMI) fell to 54.1 from...Read More