Welcome to the new UK after its encounter with direct democracy. Currently, it’s a shambles. No-one yet knows what ‘Leave’ actually means – there certainly wasn’t any attempt to describe it on the voter slip. We do at least have a leader now, but the country is without a plan, or an effective opposition at a time of great uncertainty. Meanwhile we are at the mercy of capital markets, who have delivered their ‘vote’ through a collapse in Sterling to levels last seen in 1985.
Click on the link below to read the full investment update.Q3 2016 Investment Update