So the UK has voted, by a narrow margin, to Brexit.
What does this mean and how will this impact UK companies going forward?
As previously predicted, there has been a fall in the pound. This will push up prices in the short term, causing a potential inflationary spike. This will have a slight impact on people’s day to day lives as certain things become more expensive.
Another short term issue may be many investors holding off making investing decisions. Investor’s may look at the current uncertainty and decide to wait for some clarity as to the UK’s future to make key investment decisions. This doesn’t necessarily mean just professional investors, but also individuals looking to buy their first home, for example. This could cause some serious short term economic pain, with certain economic sectors slowing significantly, whilst waiting for some clarity.
Read in full on Sahel Majali's website.
