Sterling<\/strong><\/p>\nThe pound has, that is fair to say, hit a low. To be more accurate, it has hit a 31-year low against the dollar in the first few weeks after the vote.<\/p>\n
The currency now seems to have settled at are $1.30 against the dollar and \u20ac1.16 against the euro opening the UK up for a range of foreign investment. Whether this exchange rate stabilises remains to be seen once formal negotiations for an actual exit have started.<\/p>\n
<\/p>\n
FTSE 100<\/strong><\/p>\nThe first two days post-Brexit were brutal downhill ride for the UK\u2019s leading stock market index. It took creating a new model through some number crunching by analysts to stabilise the index.<\/p>\n
The simple fact that more than 75% of the FTSE 100\u2019s earnings come from overseas sources but the index is reported in the local currency sent the bluechip index up.<\/p>\n
<\/p>\n
FTSE 250<\/strong><\/p>\nAs the FTSE 100 were on the rise, attention turned to the FTSE 250 as a better representative of the UK economy. Only 50% of earning of the FTSE 250 come from overseas, giving the UK economy a much heavier weight.<\/p>\n
<\/p>\n
Euro<\/strong><\/p>\nIt was widely believed the euro would take a hit post-Brexit. And it did. It fell by 5% against the dollar in the wake of the results.<\/p>\n
Since then, it started climbing again. Recently, it\u2019s been bouncing around the $1.10 to $1.13 mark. And, more importantly, movement within that range are mainly driven by speculations about central bank actions rather than the Brexit decision.<\/p>\n
<\/p>\n
Gold<\/strong><\/p>\nThe flight to gold just before and after the Brexit vote pushed up its prices noticeably. After a slight jump on result day, gold prices (similar to most other indicators) have settled back down again.<\/p>\n
<\/p>\n
Bonds<\/strong><\/p>\nBonds have experienced an increase in demand in the wake of the EU referendum. Demand from the Bank of England, from investors and probably very soon also from the ECB. This has led to one thing – a rise in prices and drop in yield.<\/p>\n","protected":false},"excerpt":{"rendered":"
Against the advice of most experts, Britain\u2019s Prime Minister, the President of the United States, multiple think tanks and international institutions as well as European leaders, 52% of Britons decided to quit the EU just over three months ago. And the decision didn\u2019t go unnoticed in the financial markets. With a quick safety maneuver, the… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4691,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[148,149,150,151,152,95],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/1152"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=1152"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/1152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4691"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=1152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=1152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=1152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}