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UK EU Referendum – Result – June 2016

Initial Findings:

Market Overview

  • Sterling – the value of sterling will inevitably fall in the near-term, along with the stock market
  • Exporters and financial services firms – will be in the forefront of the downturn
  • Bank of England – expect to respond quickly – an interest rate cut of 25 basis points is a strong scenario at the Monetary Policy Committee’s meeting in July
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