Back on the Brexit merry-go-round, and what it means for your money

After another Brexit vote in Parliament, it looks like we’re back where we were a week ago. John Stepek looks at the market’s reaction, and what’s likely to happen next.

190130-brexit

The way is now open to May's deal getting through Parliament.
(Image credit: Alberto Pezzali/NurPhoto)

A few days ago, markets thought that Brexit was settled. The pound spiked higher and traders were tentatively starting to think that the action was over.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.