As the clock ticks ever closer to 7am on Friday, the time slated for the release of the official results of the UK’s referendum on EU membership, the financial world’s focus is being honed to an ever finer point as participants hold cash and their breath ahead of the vote.
European investors hoarded cash in May. As Brexit-induced uncertainty dominated markets, they poured a net €14bn (£10.8bn, $15.8bn) into USD money market funds, according to Lipper fund flows data.
British expats living in Europe could be hit with higher rates of capital gains tax (CGT) on their homes if Britain decides to leave the European Union on Thursday, international IFA firm Blevins Franks has warned.
Everything is pointing towards a wild day in financial markets this Friday with asset prices shifting dramatically whatever the outcome of the referendum.
While investors should be wary of macroeconomic factors impacting UK equities and sterling in the short term post-Brexit, the microeconomic consequences could be bigger in the long-term, according to Stephanie Flanders, JP Morgan Asset Management’s chief market strategist for Europe.
With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.
Betting odds have emerged as a coveted predictor of the outcome of the UK’s EU referendum on June 23. But are they actually as reliable as some fund managers suggest? Nikko AM has its doubts.
With Brexit now less than two weeks away, the volume of commentary finding its way into our sister publication Portfolio Adviser’s inbox is growing rapidly. For your convenience they have placed all the most interesting investment ideas into one place .
The vote on Brexit is now less than two weeks away and markets are increasingly feeling the ill effects of the uncertainty.
Rathbones’ David Coombs worries about the silent Brexiters, reluctant to admit they’re in ‘camp leave’ in case they’re seen as little Englanders. And while he believes the UK will vote remain, he’s taking precautions.
The UK’s Royal Mint has opened its doors for the first time to savers looking to buy gold bars as part of their pension plan, though one brokerage firm has revealed that a British pensioner preferred to bury £850,000 ($1.2m, €1.09m) worth of gold in his back garden.
As the Brexit vote looms the focus is on what it will mean for Britain, but there is another side to this coin.
