If you were to create a word cloud to describe capital markets in 2020, most prominent, in large, emphatic capital letters, would be VOLATILE.
At the start of the year, the most concerning aspect for those involved in capital markets was the UK’s exit from the European Union. There remains an uncomfortable amount of doubt about how Brexit will play out, with traders and business leaders alike looking longingly towards Brussels in the hope of a favourable outcome of negotiations before the transition period ends on January 1.