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Market update

July Market & Economic Update

Market movements over the course of June were dominated by the EU referendum and the subsequent leave result. 

  • Given the relatively small size of the UK economy, the impact of the vote is unlikely to cause a global recession
  • However, the heightened uncertainty is expected to have a more substantial negative economic effect on the UK, as companies defer investment decisions and real incomes are squeezed  
  • As a result, a rate cut by the Bank of England is increasingly probable.

Read more about market movements across the globe in our update written by Chief Investment Officer Gareth Lewis and Senior Research Analyst Louie French.

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