We thought you might like to know just a few of the facts since the Brexit vote….
It has been just over a month since our nation voted to exit the EU. There has been much speculation as to what the economy will look like, huge changes in Government, 100’s of reports with a mix of good and bad as to what may happen….
| Referendum Day 23rd June 2016 | 25th July 2016 | Source | |
| FTSE100 | 6261.19 | 6371 | investing.com |
| FTSE250 | 17034.54 | 16983.46 | investing.com |
| £ versus € | 1.301533636 | 1.198114777 | XE |
| £ versus $ | 1.479793706 | 1.313958886 | XE |
| Bank of England | 0.50% | 0.50% | Bank of England |
As you can see there has been a reasonable gain on the FTSE 100 and virtually the same figures on the FTSE 250 which is regarded to be a better guidance to how UK Businesses are performing.
The £ however has weakened which will affect our purchasing power overseas whether it be a consumer on holiday, buying goods or businesses importing. On the flip side UK prices have effectively become cheaper when purchasing in dollars or euros. The irony of the BREXIT vote is that foreign investors have seen house prices drop in the UK due to the weaker £. This will encourage more foreign investment in UK property.
The Bank of England base rate was expected to drop last month however the Monetary Policy Committee voted 8-1 for rates to remain at 0.5%. Many are predicting a rate drop in August now.
Special Offer for existing customers….
Most of you will know us as Mortgage experts, but we are also protection experts. What does this protection mean?
Protection is basically insurance… It is important not just to be able to buy a home, it is important that you and your family can remain living in your home should something go wrong.
Protection is the foundation of sound financial planning, without foundations your walls can fall in around you when the wind is blowing in the wrong direction.
Let’s be honest with ourselves none of us like thinking about things that may go wrong, but you know as well as I do that it should be considered. If you don’t consider and take action it can be a disaster for you and your loved ones. To encourage you to consider what may go wrong and take action we are giving £99 cashback* on all new life assurance policies taken out and commenced by 31st October 2016 when you quote: July99.
Simply email us or call us on 01273 76536 and we will arrange a convenient time to chat over your objectives and then provide you with a quote. There is no obligation to proceed.
If you would like to read a protection case study click here