The RSM Brexit Stress index remained essentially unchanged falling from .74 standard deviations above neutral to .72 for the week ending March 29. The primary catalysts for the relatively unchanged score were narrowing corporate bond spreads, lower volatility of British Sterling in foreign exchange ... READ MORE >
Brexit
RSM Brexit Stress Index rises on uncertain policy path of May government
The RSM Brexit Stress Index increased to 0.71 standard deviations above neutral from 0.55 one week ago, amid continued uncertainty regarding timing of Britain’s departure from the European Union. The factors pushing the index higher were primarily volatility across the foreign exchange ... READ MORE >
Uncertainty tax: the catalyst for underperformance in Anglo-American economies
An “uncertainty tax” linked to the economic realities of Brexit developments in the U.K. and trade tensions in the United States is damping overall economic activity in both economies. These issues, which are strongly linked to the breakout of economic populism around the world, are creating conditions ... READ MORE >
Miles to go before I sleep: Brexit moves toward extend and pretend
The U.K. Parliament this week has moved toward our base case for the Brexit process, approaching a short-term extension that will result in a modified deal for Britain to exit the European Union some time before June 30. However, in the words of the poet Robert Frost, “The woods are lovely, dark and deep, ... READ MORE >