The economy is now in a position of indefinite uncertainty, with calls for Article 50 to be invoked as soon as possible in order to clarify the economic position for both the UK and the countries remaining within the EU.
A nation voted. With a 72.2% turnout, 17.4 million (51.9%) votes were cast to leave the EU, compared with 16.1 million (48.1%) to remain, according to the Electoral Commission. It was unlikely that a decision of such scale would take place without significant ramifications and as it stands, Brexit has divided the nation. The economy is now in a position of indefinite uncertainty, with calls for Article 50 to be invoked as soon as possible in order to clarify the economic position for both the UK and the countries remaining within the EU. The months and years ahead will be a turbulent and volatile time for private and corporate investors. With the right guidance and expertise of experienced investment professionals, amongst the confusion, there are still opportunities to invest in new opportunities with either short or long term rewards. We find out more about the post Brexit economic landscape, and the response from the Rycal Investment Group.
Building The Post Brexit Future
For anyone with an interest in business and the economy, waking up on Friday 24thJune 2016 was the start of a journey into the unknown. As the markets opened, the FTSE 100 plunged by 8.7pc, with the FTSE 250 falling by 7.2pc, the worst performance since Black Monday. This drop cost £25bn to the value of the index, with almost a quarter lost from the value of some stocks. Bloomberg reported that some of the hardest hit by these losses were Britain’s billionares with an overall loss of $5.5bn (£4bn) on Friday. Leave supporter Peter Hargreaves, the co-founder of Hargreaves Lansdown was amongst these numbers, with his net worth falling 19pc to $2.9bn (£2.1bn).
Read full article: Global Banking & Finance Review