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Consumers Don’t Care About Brexit For Now

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Rupert Hargreaves
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Over the past few weeks, there has been a deluge of positive economic data emanating from the UK, which has given those in favor of Brexit plenty of reasons to be happy. The positive data has also supported the British pound. Since mid-August sterling has rallied from a low of around $1.28 to the pound to $1.34.

So it seems, the time being at least, that the UK economy is managing to dodge the economic catastrophe many economists warned of before the vote. That being said, it’s worth keeping in mind that Brexit hasn’t actually happened yet, and any data published before the UK even begins the process of separating itself from the European Union should be viewed with a large...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha