It's complicated! Don't view Brexit as hard or soft – S&P

By Kirsten Donovan
DAVOS, Switzerland (Reuters) – Brexit should not be viewed in terms of ‘hard’ or ‘soft’ but rather as a complicated process of redistributing sovereignty, S&P Global’s chief economist said on Wednesday.
Speaking in the Global Markets Forum live from the World Economic Forum in Davos, Paul Sheard also said a recent rise in bond yields should be viewed, in principle, as a positive development.
Here are some excerpts from the conversation.