Brexit?

Great point. Is she a caretaker? Or will she frame post-Brexit policy?

Lets be clear though. All of these negotiations will hinge on Britain’s place in the European financial markets. Britain has long enjoyed a special place in finance that had only been enhanced by the participation in the EU. Their access to a vast-array of European markets; free of charge, has given them an enhanced position that was reflected in the fall of the share-price of Barclays and other Banking interests.

This position in finance is one that has endured for centuries. Their only rivals are the gnomes of Switzerland. Therefore, it is folly to believe they will not, somehow, manage to negotiate terms that are favorable; or at least palatable to these long-standing global, financial players and their interests going forward. I would put my money on the Pound once it puts in a bottom. The English are long-term winners. If this is the case, the future for Britain could be bright.