thewealthnet     About Us    |    FAQs    |    Contact Us
 
  Search
 
     
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Tue 23rd Oct 2018  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
    
Investors advised not to panic amid double cabinet resignation
10/07/2018 , News Team

In the wake of David Davis’ and Boris Johnson’s resignations from cabinet yesterday, investors are being advised not to panic despite the increase in uncertainty.

After Mr Davis’ resignation the pound strengthened as it seemed that a softer Brexit was more likely. However, these increases were reversed following Mr Johnson’s resignation as it made the Prime Minister’s position seem weaker. The FTSE 100 was up one percent yesterday as the market reacted positively to sterling’s fall.

Helal Miah, investment research analyst at The Share Centre, commented on the market’s reaction to the resignations: “The events of the last 24 hours have greatly increased the fears for businesses and investors which justifies sterling’s fall. The stock market however, has risen, with the FTSE 100 rising by one percent so far on the day. This gain is more likely a reaction to sterling’s fall than investors taking a view that today’s events are positive for shares following the same trend we have seen since the initial referendum, as a weaker sterling makes UK assets cheaper for international investors.

 “For the UK private investor, this obviously increases uncertainty, but it’s something we have already become used to over the last two years. During this period, investment returns have not been the disaster that some had feared as a result of Brexit. As it stands, we do not think that UK investors should be panicking and therefore there is no need to make wholesale changes to their portfolio.”

The Share Centre is an investment broker, providing stockbroking services for private investors and corporate services, including fund administration and white label 

 

Share with Linkedin Share with Twitter
 RATE THIS ARTICLE
Poor   Average   Good   Excellent
thewealthnet archives contain 50,334 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.

 

© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

 
    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved