Wyn Thomas - Axys Investment Management

Weekly Market Update 1st July 2016

NO END TO REFERENDUM TALK

If you were hoping we could talk about something else now that the referendum is out of the way, prepare to be bitterly disappointed. The fallout from the leave vote has been spectacular, with events leaving us with seemingly no government, no opposition and apparently no plan for this eventuality. The Bank of England has told us to expect rate cuts, with even negative rates a distinct possibility. Ironically this brings us more in line with European policy rather than following the US path of gradual rate rises as things returned to normal. Read More……