And the winner is…..no one.

In June 9, 2017
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I think we can all agree that this snap General Election has been quite frankly a political circus, ending up more of a popularity contest then perhaps a well considered and informed decision for who the best candidate for the job is.

With Theresa May underperforming and Jeremy Corbyn exceeding many people’s expectations, it has unfortunately given us the worst outcome we could have hoped for with a Hung Parliament.

Instead of a clear decision allowing either a Conservative or Labour Government to start getting ready for those all important Brexit negotiations, we are now faced with the turmoil and uncertainty as a scramble to try and form a Coalition Government is made.

This is not obviously conducive to delivering the best deal possible for the UK as we look to leave the European Union over the next few years. It creates further uncertainty as we know from previous Coalition Government’s, manifesto promises amongst parties, will most likely have to be compromised on, if there is any hope of a majority coalition being formed. At this stage it is not even completely clear if Theresa May will decide to resign.

The level of uncertainty that this result causes will create short-term fluctuations in the markets today and for the next few days and possibly even weeks to come. Assuming a Coalition Government can be formed things are expected to then largely stabilise and continue as normal.

This does give us a unique opportunity to take advantage of any dips in the market by topping up our investments using the Impulse Save technology on your Client website, but this window of opportunity will be relatively short lived.

We already know that the full implications on the economy from Brexit have yet to be felt or seen. It is only in the coming weeks and months as a coalition is hopefully formed and those negotiations start, that the Fund Managers will make more longer term, informed decisions as to how the Investment Portfolio’s should adapt, if at all, to protect against the potential downsides of Brexit and also maxamise the potential opportunities from Brexit.

Of course we will continue to keep all of our Clients updated on how the investments perform as the fallout from this result unfolds.

If you do have any questions, worries or concerns, please do not hesitate to contact the office and speak to one of team.

Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

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