With UK Prime Minister having triggered Article 50, the starting gun on the two-year negotiation process precipitated by last June’s surprise Brexit vote has been fired. Even though the European Council President, Donald Tusk, published draft Brexit guidelines within 48 hours of receiving the official letter signed by PM May [1], investors can look forward (irony intended) to many months of uncertainty. As has been repeatedly stated, the final deal will be the result of hard negotiations and hence will be necessarily opaque for some considerable time (a viewpoint we outlined in a recent Market Insight [2]). Given how extremely messy and