Brexit: Historic Pound-ing Continues

Last week the British Pound touched a historic low against a basket of global currencies according to the Bank of England. The uncertainty around Brexit has resulted in an almost 18%* decline in the Pound versus the U.S. Dollar since the start of the year, a 31-year low. The process has been volatile, including the 2-minute flash crash. Even more incredibly, the Sterling has been pounded against the Euro by as much as 22%* since the turn of the year. Continue reading “Brexit: Historic Pound-ing Continues”

Brexit: Impact on Scotland

Brexit continues to ask a number of important questions about where exactly the U.K. is heading, including the significant matter of Scotland’s position within the Union. Given Theresa May’s swift leadership victory and EU reluctance to drag out negotiations longer then necessary, the Scottish government may have some big decisions to make in the short to medium term. Continue reading “Brexit: Impact on Scotland”

Brexit: Impact on Ireland

The U.K. referendum on EU membership sent shockwaves across the globe on the morning of June 24, 2016. Brexit is set to have a significant impact on the economic and political stability of the U.K., Europe and the wider world. Investors immediately sought refuge in perceived “safe haven” assets, sending German 10 year bunds to a record low of minus 0.17 per cent. Almost all of Switzerland’s yield curve (excluding the 2064 maturity bonds) was pushed into negative territory. Continue reading “Brexit: Impact on Ireland”