The Likely Impact
You will no doubt be following the referendum debate and the now narrowing polls with interest. Wherever your sympathies lie, it will be likely you may have some concern about what this means for your portfolio.
As I’m sure you are aware, financial markets hate uncertainty, and that is exactly what we have today (and will certainly have more of if the outcome is a victory for the ‘Yes’ camp). As a result, we are likely to see some volatility in UK bond, equity and currency markets. But this needs to be placed in perspective.
In a global context the ‘Yes’ or ‘No’ vote pales into insignificance relative to Russia’s covert war in Ukraine, or the threat of Islamic State in the Middle East, for example. It is simply evidence of a civilised society executing its democratic process in a peaceful manner. It is something – in the greater scheme of things – to be proud of, whichever way it goes.
The Scottish vote is close to our hearts, but a side story for the rest of the World. The World is and always will be an uncertain place and markets will respond to new any information, whether the news is good or bad.
For further insight contact any member of our team at Loch Fyne Financial.