Our view is that the recent weakness in UK equity markets, may be the most attractive buying opportunity we see this decade. UK housebuilders, exporters and domestic service companies that will benefit from lower interest rates and a weaker pound – including retailers, hotels, restaurants, brewers and companies providing recruitment, training and education – all look very attractive. Indeed, the reasons behind Brexit, and the consequences thereof, may make investing in Europe and the USA far more challenging in the medium term.