Insights

July 2016 Monthly Market Summary

July 2016 Monthly Market SummaryIn July, the pound sterling fell to its lowest level versus the US dollar since 1985. The current market sentiment is that the UK’s economy will slow down immensely due to impending restrictions as a consequence of the Brexit vote. However, it may be too early to come to such a conclusion as the lower level of the pound may actually provide the UK with further opportunity for growth.

 

The discussions and opinions in this market summary are for general information only, and are not intended to provide investment advice.  While taken from sources deemed to be accurate, Ballentine Partners makes no representations about the accuracy of the information in the market summary or its appropriateness for any given situation. Past performance of the indices shown is not necessarily indicative of future results.

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