News & Insights

Back to news
Share this article: facebook twitter linkedin

AM update on PM announcement

| Investment | By Gary Reynolds

Last night, Prime Minister Theresa May secured a vote of confidence. She remains in power – for now. As for markets…

The pound had already rallied ahead of the announcement, in expectation of a win for Theresa May. It rallied further first thing this morning, indicating that Theresa May negotiating the Brexit deal is seen as positive for the country.

There’s been minimal effect on Courtiers funds. As part of our investment strategy we’d hedged some of our currency exposure which has helped smooth out the peaks and troughs. Generally speaking, key for us is to exercise great care in navigating very turbulent conditions.

What next?

Politically, we would like certainty one way or the other, but that will require extremists on both sides of the EU argument to respect the views of others - and to accept the decisions of the ballot, even when it doesn’t go their way!

We’ll keep an eye on markets and Courtiers will keep you up to date.

Gary Reynolds CFA ACII DipPFS IMC Chartered FCSI

Chief Investment Officer

Issued by Courtiers Asset Management Limited, CAM1218187. Courtiers Asset Management Limited is Authorised and Regulated by the Financial Conduct Authority - Register No: 616322. Address: 18 Hart Street, Henley on Thames, Oxfordshire RG9 2AU. Telephone: 01491 578368 Fax: 01491 572294 Website: www.courtiers.co.uk.

Warning – the views expressed by Courtiers in this summary and any video and video transcripts, are reached from our own research. Courtiers cannot accept responsibility for any decisions taken as a result of reading this document, watching the featured video or reading the video transcript and investors are recommended to take independent professional advice before effecting transactions. The price of stocks, shares and funds, and the income from them, may fall as well as rise. Past performance is not necessarily a guide to future returns.

We do not endorse nor accept responsibility for the content of any website not operated by Courtiers which you may visit by following a link from this article.

Share this article: facebook twitter linkedin

News & Insights

Sign up for regular email updates