Boris Johnson has swept back into No.10 and it’s full steam ahead for Brexit. What will a Conservative majority government mean for the economy and investment markets?

• Election result lifts uncertainty around Brexit ‘getting done’ but challenges remain in the months ahead.
• The result triggered a jump in sterling, but it remains below pre-referendum levels – its valuation reflects weaknesses in the UK economy.
• Domestically orientated shares enjoyed the biggest post-result rally – whether foreign investors choose to increase UK weightings will determine performance longer-term. 
• We think a trade deal and the reduced likelihood of recession will encourage flows into UK equities.
• Eyes will be on who the next Bank of England Governor is.  In the meantime, interest rates look set to remain on hold.