Brexit Articles

  • Brexit rocks global markets
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    Brexit Rocks Global Markets
    anemptytextlline
    24 June 2016
    On 23 June, British citizens voted on whether Great Britain should remain part of the European Union, a community they’ve been a member of for over 40 years. On Friday morning the Leave campaign stole a narrow victory (51.9% to Leave and 48.1% to Stay), despite market consensus building up to the vote that we would likely see the UK remain in the EU. This resulted in a large amount of volatility in the currency and global equity markets. The British Pound (GBP) as well as stocks with GBP exposure were particularly affected as uncertainties surrounding the future of many of these businesses with operations in the UK was placed into the spotlight.
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    BREXIT – Investors, Don’t Be Spooked
    anemptytextlline
    29 June 2016
    Initially this morning the British Pound declined by 12% between a midnight high of $1.50/GBP (when a victory for the “Stay” campaign was seen as the likely outcome), to $1.32/GBP a mere 6 hours later when the referendum outcome became apparent. Some shares were sold aggressively, such as Barclays PLC which was soon down some 30% and financial markets were littered with red screens and turmoil everywhere. The Rand/US$ mimicked the Pound’s move and fell from R14.40/$ to R15.60/$ in 6 hours.
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    Brexit: What Does It Mean For Investors?
    anemptytextlline
    29 June 2016
    On the 23rd of June, UK voters will decide whether to leave or remain in the EU. The run-up to this referendum has caused some concern in markets...
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    Looking For Opportunities In The Brexit Turmoil
    anemptytextlline
    30 June 2016
    Given that markets have been rallying ahead in anticipation of a Stay vote, the surprise pro-Brexit announcement was clearly not what the markets had expected. Says Colin McQueen in our UK office, the impact on the immediate outlook will not be dissimilar to those outlined in the article we published earlier this week, titled “Brexit, what does it mean for the investors?”