Investment Outlook August 2022: Brexit after Boris
Read about global markets and trends in the August edition of Investment Outlook
This monthly commentary gives a roundup of global markets and trends.
In this edition:
- While the imminent departure of Boris Johnson may have had little impact on UK asset prices, the long-term drag from the country’s poor relationship with the EU may start to ebb
- It is possible that a new prime minister could seek rapprochement with the EU and tone down the hard Brexit rhetoric seen in recent years
- The UK’s current account deficit with the EU has improved over the past six years, meaning the UK economy is less vulnerable to volatile international capital flows to fund it
- In spite of a recent rally for global markets, investor sentiment remains gloomy. However, we continue to believe there are reasons to be upbeat on the resilience of the global economy
The value of an investment may go down as well as up and you may get back less than you originally invested.