Why the Worst May Still Be Coming for Britain

Today, I want to share my perspective on the recent wave of handwringing over Britain’s bond market and currency. While I’ve long held a pessimistic view on the UK’s economic prospects—particularly post-Brexit and under the current government’s policies—I believe last week’s bond and sterling movements have been seriously overblown. In the following article, I’ll explain why I still consider UK bonds terrible investments, why I see an eventual U-turn in economic strategy as inevitable, and how all of this shapes my stance on where sterling and gilt markets may head in the near and longer term.