"Brexit means Brexit," Prime Minister Theresa May said. But what does that mean? For equity income investors, I think it means four things, writes Miton's Eric Moore.
Firstly, the vote to leave seems to have made no difference at all. After an initial panic, equity markets are now higher than on the eve of the referendum. This sunnier stance has been supported by domestic companies, including Next, Bellway and Wetherspoon's, saying that all remains well. These statements need to be caveated with a big 'so far'. Managers: How we are guarding against inflation risks The process of extracting the UK from the EU has not even started yet. It will take years and there is considerable scope for disappointment along the way. In this environment, a foc...
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