Preferred Market Review & Outlook: Quarter 4 2016
Following the EU referendum, we have seen some uncertainty, but also some opportunity in the third quarter of this year. Having confirmation that Article 50 of the Lisbon Treaty will be triggered by the end of March 2017 has given us a time frame, but the critical element – our future trading relationships – is far from settled.
UK indices sit comfortably above their pre-referendum levels, buoyed by currency boosts to profits (for overseas-earners) and positive data from both corporations and the economy. There are undoubtedly huge challenges ahead for the UK but, as ever, opportunities will arise.
On a global scale, the world’s attention is on the US as the presidential election draws closer. The outcome of this will be likely to instruct the direction of the final few months of the year, though history dictates this may not include the ‘Santa Claus rally’ that December often brings.
Sign up to have our latest content delivered straight to your email inbox.