Spotting potential amid Brexit volatility
Knowing which Brexit scenarios are priced into equity, fixed income and currency markets is key, says James Foot, who sees value in the pound, and potential in short-term volatility.
James Foot: So, as the news flow on Brexit moves around, the key is to understand exactly which scenarios are priced into equity fixed income and currency markets. We've been monitoring developments very closely with a view to identifying those assets that have become oversold. We think this approach will serve investors the best over the long-term as opposed to trying to preempt the exact the path that any Brexit outcome will follow. Right now, today, we see value in the pound. We think it's relatively attractive. We also recognise that there is potential in the short-term volatility.
