Euro vs Pound – Brexit Impact

Global markets have now risen steadily across the board as the volatility spike following Britain’s surprise decision to leave the EU died down and investors realised that, although unexpected, the uncertainty of the terms of Britain’s future relationship with the EU need not undermine equity markets. As for the FTSE 100, it is now 5% above where it closed on 22nd June, though 6% down in terms of dollar value (£ is 12% lower against the dollar) and the FTSE 250 is only 3% below where it was on the same day. The FTSE 250 is a far better barometer of UK economic activity than FTSE 100 and many of the stocks that were hit hardest such as the house builders Persimmon, Taylor Wimpey and Barratt made substantial gains as the new May government started to restore some stability.

We believe that you need to do your homework before making any investment decision. That may include reading financial publications, researching online, and discussing options with your friends and family. Many people, however, find the task of selecting investments too daunting to undertake on their own. To invest responsibly, they do their homework, and they seek the professional guidance and advice of a financial adviser.

Benefit from the Experience of a Financial Adviser

We encourage investors to take a long-term view when they invest. By looking down the road, many people realise that they do not have the experience, time, training or patience to make informed investment decisions alone. That is where the value of an investment professional really makes a difference.