Skipton Financial Services
Friday, November 4, 2016 - 11:13

The EU Referendum – what next?

Before the referendum, many experts warned that Britain voting to leave the EU would cause financial markets to fall significantly. Global markets did fall the day after the vote, and the pound fell to what was its lowest level in 30 years. However, the worst fears haven’t been realised and the stock markets have bounced back very quickly.

Although the uncertainty before the referendum made financial markets volatile, it also meant they were prepared for either outcome. Which helped minimise the impact on markets when the result of the vote was announced.

Interest rates cut

The Bank of England also helped by cutting interest rates to a new record low of 0.25% in August. And the Central Bank is trying to keep the UK economy moving forwards by encouraging more lending.

Of course, we haven’t actually left the EU yet - the UK has to begin the two year process by triggering Article 50 which, according to the High Court ruling on 3 November 2016, now needs the support of Parliament. So there’s time for the Government to negotiate with the EU over trade agreements and other matters that will help prevent negative effects on the markets and our economy.

Look to the future

In such unpredictable times, financial markets might continue to be volatile in the short term and the US election will be one of the factors influencing the markets over the next few months. The important thing to remember about investments is that it’s the long-term that really matters rather than how they’re performing in the short term. However stock market-based investments place your capital at risk and you may get back less than you invested, which means the value of your investments and any income from them may fall as well as rise. 

We’re here to help

If you’d like to discuss your investments, or just want to review your finances, we’re right here with expert financial advice you can trust.

Our service comes highly rated:

98% of our financial advice customers said our service is good, very good or excellent.

Source: 6,721 customers surveyed, July 2009 – December 2015

 

You’re in safe hands with us

 

Advice tailored to you

You can meet one of our financial advisers wherever’s best for you – at your nearest branch or even your home. Together, we’ll look at what you want your money to achieve, anything you’ve already got in place, when you’d like to retire and more.


Some areas of Inheritance Tax (IHT) Planning are not regulated by the Financial Conduct Authority.  Some IHT planning solutions put your capital at risk so you may get back less than you originally invested. IHT thresholds depend on your individual circumstances and prevailing legislation, both of which may change in the future.

Call us now on 0800 731 5342Request a Call Back

If you would like to receive information similar to this via email - please subscribe to our mailing list - click here.

Similar insights & resources

Why get financial advice?

When it comes to your money, seeking financial advice from an expert can have an equally positive impact on this hugely important area of your life. 

Coping with financial difficulties

It doesn’t matter how well off you are, almost all of us worry about money from time-to-time – and that anxiety can be exacerbated when it comes to coping with financial difficulties.

Financial scams – beware!

We feel it’s vital that you’re fully clued up on this subject, in case you’re ever targeted by a fraudster. So we’ve provided useful information on what to look out for, what to do if you’re ever approached and various types of scams.