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The stock recently went to a new 52-week low and could see further downside movement as P/E multiples continue to adjust downward in the group.
Neutral does not mean avoiding the market, as we see the potential for either explosive upside or downside movement in the weeks and months ahead.
"So for the markets, it is the utter uncertainty that is causing the volatility and downside movement for the pound, and not any kind of factual information or informed guess work". .
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Ang et al. (2006) find evidence for the existence of a significant risk premium for holding stocks with high sensitivities to downside market movements and Atanasov and Nitschka (2014) find that downside risk is also priced in bilateral exchange rates.
I tend to be skeptical about "feel good" gimmicks, but I don't see much of a downside to this movement.
If there's a downside to this movement, it's the fear that a piece of safety equipment can give people a dose of false courage.
They can mimic the downside of bond price movements.
Is there any downside to the fix it yourself movement?
Moreover, instead of bold political statements, it demonstrates the relevance of a more differentiated perspective on the downsides and benefits of European free movement.
My bottom-line conclusion here is that a lot of fear was generated last week (as indicated by the spike in the VIX and SPY volume) from little net price movement despite some periods of downside volatility.
However, awareness of the downside of such pollution spawned the environmental movement of the 1960s, culminating in the Clean Air Act Amendment of 1970.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com