Wyn Thomas - Axys Investment Management

Weekly Market Update 19th July 2016

THERESA MAY DECLARED AS NEW PRIME MINISTER

A lot has happened in Westminster this week. Andrea Leadsom decided to step down from the Tory leadership race, which left Theresa May as the last woman standing and facing the unenviable task of naming a new cabinet. She has reiterated that the new government will remain committed to EU withdrawal negotiations, while familiar faces such as George Osborne and Michael Gove are no longer around. The FTSE recorded modest gains in response to the news as the City welcomed the appointments. Read More…….