Advisers brace for client questions as UK votes 'leave'

'Business as usual' expectations now to be tested

Nicola Brittain
clock • 2 min read

Financial advisers are set to face a flurry of client questions and fluctuating markets in the short term following the United Kingdom's decision to leave the European Union (EU) in yesterday's referendum.

The 'leave' campaign won by 52% of the votes to 48%, on a turn-out of almost 72%. Yesterday markets and sterling had both been rallying in expectation of a narrow vote in favour of remaining in the EU. The shock decision has caused sterling to fall by more than 10% to trade at $1.338, down from $1.487 yesterday, and investment experts to warn of unstable market and economic conditions that could last up to five years. Markets had been pricing in some possibility of an exit but many investors believe there will still be considerable downside for UK equities. Billionaire investor George...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read