According to new British Prime Minister Theresa May, "Brexit means Brexit." However, both the fall-out for investors from Brexit, as well as the timetable for the U.K.'s exit from the EU, remain fuzzy. This past week added more uncertainty to the Brexit circus with progress on a legal bid, before the British High Court, brought by Remain supporters to force the government to hold a vote in Parliament on triggering Article 50. Given the strong opposition to Brexit in Parliament, this process could be used to delay, or even block, Britain's exit from the EU.
Theresa May's recent decision to invoke Article 50, which sets in motion the legal divorce process of ending the U.K.'s union with the EU, before the end of Q1 2017 raised speculation of a "hard Brexit." The "hard Brexit," the worst-case scenario in which the British financial sector would have severely restricted access to the…
