Brexit

October 22, 2019
Bercow’s Meaningful Vote refusal won’t impact Sterling, but it does heighten uncertainty premium
Although Sterling remained largely unmoved, John Bercow’s refusal on Monday to allow a Meaningful Vote on the new Brexit deal will place further downward pressure on the UK economy. Sterling experienced a minor downside knock following the decision by the Speaker of the House of Commons, but there was no big surprise. This highlights that traders are patiently biding their time as they forecast the European Union will allow a Brexit extension in the coming Read More
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Nigel Green
August 29, 2019
Investors must protect their assets as sterling tumbles and a recession looks on the cards premium
What a day it’s been in British politics. The Queen has accepted the Prime Minister’s request to suspend parliament from mid-September, therefore reducing the time available to MPs to stop a no-deal Brexit. The Brexit-battered pound has since taken another beating thanks to Boris Johnson’s highly polemic parliament suspension. Sterling has fallen more than 0.5% against both the euro and U.S. dollar following the decision, and the pressure will remain Read More
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Nigel Green
August 23, 2019
Johnson’s Brexit plan looks to be working – but only because of recession fears in the bloc premium
Boris Johnson is now back in the UK following his trips this week to Berlin and Paris, and it would appear that the PM’s Brexit strategy is working. However, this is mainly due to the threat of a recession in Germany and the need for a good and fair deal for both sides. Following his meeting with German Chancellor Angela Merkel in Berlin, it looks as though Boris Johnson has brought her closer to his viewpoint on Brexit. Merkel challenged Johnson to Read More
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Nigel Green
June 20, 2019
Sterling and UK assets could decline further on Tory leadership contenders’ lack of Brexit plan premium
As the Tory leadership race is about to come down to the final two contenders, the pound and UK assets can be expected to fall further. With Rory Stewart knocked out of the contest in the third round yesterday, the final four - Boris Johnson, Jeremy Hunt, Michael Gove and Sajid Javid – will be whittled down to three in a secret ballot later today. There will then be an additional vote to select the final two, one of whom will be chosen as leader, and of Read More
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Nigel Green
June 7, 2019
More falls for sterling if Boris Johnson gets to Number 10 premium
Should Boris Johnson be the next UK Prime Minister, we can expect the pound to be driven down even further. Johnson is the favourite to win the Tory leadership contest, securing the support of over 40 Conservative MPs, placing him streets ahead of his rivals. As such, should he get to Number 10, the pound will be delivered another bloody nose. Additional downward pressure will impact sterling in this case due to the increased probability of Boris Johnson taking Britain into Read More
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Nigel Green
May 17, 2019
Britain’s wealthy consider moving assets overseas due to Brexit and Corbyn fears premium
Wealthy Brits and rich international investors are more fearful of a Corbyn government than they are of Brexit, with a growing number of them contemplating moving their wealth overseas. Indeed, since the start of 2019 an increasing number of deVere clients have been telling our advisers that they fear the harmful effects of a Jeremy Corbyn-led government more so than Brexit, in regard to their wealth. As deVere’s international investment strategist, Tom Read More
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Nigel Green
March 19, 2019
Brexit has caused significant damage to UK financial services, irrespective of what happens now premium
Regardless of what happens now, Brexit has exacted unprecedented damage on Britain’s financial services industry. Regardless of what happens now, Brexit has exacted unprecedented damage on Britain’s financial services industry. Read More
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Nigel Green
March 13, 2019
Another Brexit vote is now the only way to move forward premium
Another day closer to Brexit, yet another rejection for the Prime Minister. After Theresa May’s deal was again rejected in the Commons on Tuesday evening by 149 votes, Brexit must now be put back to the people, as well as the 700,000 British expats who were denied the vote back in 2016. Another day closer to Brexit, yet another rejection for the Prime Minister. After Theresa May’s deal was again rejected in the Commons on Tuesday evening by 149 votes, Brexit must now be Read More
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Nigel Green
January 15, 2019
Should PM’s Brexit bill be passed, UK financial assets and sterling will rally premium
Today’s the day. A crucial day for Brexit. The day of reckoning in Westminster as MPs are getting ready to vote later on whether to accept or reject the Prime Minister’s Brexit deal. However, as I was quoted by The Express and Yahoo Finance, amongst other media this morning, should Theresa May’s deal be passed today, UK financial assets and the pound will rally. Today’s the day. A crucial day for Brexit. The day of reckoning in Westminster as MPs are Read More
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Nigel Green
November 13, 2018
Brexit concerns spook Sterling-based investors and UK expats premium
It’s imperative that Sterling-based investors and UK expatriates take precautions against a volatile pound as it weakens on Brexit worries. On Monday Sterling fell by close to 1 per cent against the dollar to $1.286 and 0.2 per cent against the euro to €1.142. The drop follows mounting uncertainty as to whether the PM can gain parliamentary support for a Brexit deal ahead of the planned summit later this month in Brussels. It’s imperative that Sterling-based investors and Read More
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Nigel Green
January 19, 2017
Hard Brexit and stronger than expected UK inflation: It’s time to ‘go more global’ premium
The Prime Minister’s big Brexit speech and strong UK inflation data should urge investors to reduce UK asset exposure and take a more international approach to investing. Theresa May confirmed that Britain would be leaving the single market and customs union, in her most important speech since becoming PM. Despite this being widely forecast by the markets  it is probable that Mrs May’s confirmation of a hard Brexit will generate several years of ongoing Read More
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Nigel Green
January 17, 2017
Savers, investors and expats: get ready for a hard Brexit premium
In the aftermath of Theresa May’s landmark Brexit speech at Lancaster House in London today, it’s crucial that pension savers, investors and expats shore-up financial planning strategies and portfolios ahead of the so-called hard Brexit. In the aftermath of Theresa May’s landmark Brexit speech at Lancaster House in London today, it’s crucial that pension savers, investors and expats shore-up financial planning strategies and portfolios ahead of the so-called hard Read More
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Nigel Green