‘Brexit’ may be the most politically disruptive event to hit Westminster since the 1970s, but it is imperative that investors consider the global context when assessing the ramifications for financial markets.
The UK has voted to leave the European Union, which will trigger two years or more of negotiations once Westminster formally notifies Brussels of its intention to secede. However, the referendum result is advisory rather than mandatory and there are significant constitutional issues that must be resolved before such notice can be given. As a result, UK and EU politics will have a significant impact on financial markets in the short to medium term.
More questions than answers
The victories that determined the outcome of the Second World War were ultimately secured by vast armies, fleets and air forces, yet the work of men and women far removed from the battlefield also played a vital role. This was the infancy of “secret war”, a form of warfare made famous by the codebreakers of Bletchley Park and nowadays arguably more important than ever.
We are delighted to be working with The Spectator as lead sponsor of its 2016 debate series. These debates will allow us to demonstrate our impartial, fact-based analysis as well hear from leading protagonists on important current issues.
As part of our sponsorship of the St Andrews University golf club, seven Rathbones managers and our guests travelled to St Andrews to take on a formidable University golf team.
Ken Buckley set a British land speed record for human-powered vehicles of 75.03mph in ARION1. Before heading off to pilot ARION2, he describes what it’s like to ride a bicycle at over 33 metres per second.
Diversification has long been used to decrease investment risk by reducing exposure to a particular asset. It works within a single asset class — a portfolio of stocks is less risky than holding shares in one company — but can be more effective across different asset classes.
Recent market volatility is a stark reminder of the global economic engine’s inability to fire on all cylinders. Yet the UK consumer has enjoyed a good time of late with unemployment near 20-year lows. Wage growth has not taken off, but economists think it is just a matter of time, given there is not much slack in the labour market.