SPAIN’S manufacturing activity plummeted into negative territory for the first time in more than five years, sparking fears the economy could soon slip into recession.
At the moment, UK citizens retiring to countries such as Spain, Portugal and France benefit from state pension increases through a reciprocal deal. However, this could be changed under Brexit.
Euro-area confidence extended its worst losing streak in a decade and Germany’s government added to the pain by slashing its forecast for the region’s largest economy.
Now we have the first stage of the finalised agreement on the Brexit deal it is worth considering the likely outcomes, as in our view there are a few hurdles to still get through – some of them more likely than others.
October was a brutal month for investors, with a simultaneous rise in bond yields and sharp correction in equity markets.