Investments. How will Brexit effect them?

An overview on the implications so far on your investments.

It was predicted that there would be a huge impact on the UK economy following the vote to leave the EU, sometimes referred to as Brexit, but so far this does not appear to be the case. Most investments have remained unaffected.

Recent figures from the Office for National Statistics showed that the economy had grown slightly in the three months post-Brexit, although their surveys also showed that many small businesses seem more pessimistic about the future than before the vote.

The pound fell dramatically after the Brexit result and was at a three-year low against the Euro. It also plunged against the US dollar.  This means that imported goods will get more expensive and some increases are already becoming apparent.  However, one beneficial effect of the fall is that the weak pound makes the UK an attractive destination for foreign visitors, thus boosting tourism.

Brexit will be a drawn-out process which will be triggered by the Article 50 negotiations, due to be invoked in March next year. This will signal the start of a two-year long series of political discussions leading to the UK’s exit, although it is predicted that finalising all the related issues will take many more years to complete.  A complicated and uncertain road lies ahead for the UK on its journey to leave the EU. 

How Anstee and Co can help you.

If you would like to review you investments in light of the recent changes the please contact us. Our financial advisers can undertake a full financial review of your situation. Looking at you attitude to risk, that might now of changed and the performance of your existing investments. When they fully understand your position and what you are looking to achieve they will make a recommendation.  The initial meeting is free.

We have offices in Kettering, Stamford and London. Our financial adviser make use of meeting rooms in Bedford, Northampton, Wellingborough, and Towcester. Meetings can also be arranged at your home at a time that is convenient to you. Financial advice is given in Northamptonshire, Lincolnshire, Warwickshire and Bedfordshire.

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