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Integra Financial
Bulletin Issue 32 : September 2019 View your Transact investments online
This Month : Boris's Brexit Gamble
 

Welcome to our September bulletin

Dear Client.

We hope this bulletin will keep you up-to-date with topical financial matters that can directly affect you… and your money!

Boris’s Brexit Gamble

We are told that Boris Johnson wanted to be Prime Minister ever since he was a boy. It therefore seems amazing that, having then reached his lifetime goal, he would gamble it all on a no-deal threat against Brussels. In fact, if he fails he could well become infamous for having enjoyed the shortest ever tenure at Number 10.

Amidst a background of relentless cross-party bickering and threats of lawsuits and counter lawsuits, the potential for hyperbole is tempting. Such is the frantic activity in and around Westminster that it even seems conceivable Mr Johnson might not be in office by the time you are reading this!

However, in the latest twist in developments, a statement from EU spokesman Jean Claude Junker suggests that the EU might be prepared to soften their stance and "do a deal" after all. With all that has gone before, it is probably premature to suggest that Boris’s high stakes bluff is finally getting some people in Brussels to listen?

Watch this space 

Markets

Markets 2019 image

Despite a steady flow of poor news, 2019 to date has actually been a good year for investment returns.

Both equity and bond markets have pushed ahead… despite the news surrounding the US trade war, a cooling European economy and Brexit of course.

We are all familiar now with the US/China trade war and both countries have exchanged "blows" by levying import tariffs on each other’s goods. This tariff tax reduces company profitability and will affect the economy.

Despite the pressure on business caused by political wrangling, equity markets expect the economy will hold up, not least because of US central bank interest rate cuts, which can stimulate a faltering economy.

Share prices have actually benefitted from the Brexit debacle, as delays to the final exit date and political uncertainty have weakened sterling, relatively improving other currencies. This results in international earnings continuing to grow because of foreign exchange gains and thus, the large multi-nationals within the FTSE appreciate in value.

In Summary

At home and internationally we are presented with a scenario of poor economic news, yet there have been some solid investment performances. Globally central banks are stimulating the economy and historically this form of stimulus has proven beneficial. 

At Integra we are inclined to suggest the gloomy outlook is overdone and markets will continue to be supported by economic stimuli.

Your Views

We are always keen to hear your views. Please visit www.integrafinancial.co.uk or email advice@integrafinancial.co.uk and let me know if you think we should do anything differently.


regards, Jeremy Hill
 www.integrafinancial.co.uk

We always welcome your feedback

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