View more on these topics

FTSE dives as Brexit fears take hold


The FTSE index has dropped 6 per cent in the past four days as pollsters showed a vote to Brexit has become more likely.

The FTSE 100 ended the day down 2 per cent yesterday, at 5,923, the lowest point for the index since February.

Yesterday marked the fourth day of losses for the index as fears over a Leave vote for the upcoming EU referendum took hold.

A YouGov poll for the Times now has the Leave vote seven points ahead of Remain, while ICM polls for the Guardian has Leave six points in front, and another poll in the Telegraph has Leave one point ahead.

IG senior market analyst Chris Beauchamp says: “Panic appears to be gripping markets as the headlines fill up with references to a possible Brexit, with the Sun’s declaration for Brexit emblematic of the worry that the Remain campaign has lost a crucial segment of the population.”

The pound also dropped lower against the dollar yesterday, continuing an eight-week low for the currency.

It fell 1.2 per cent to below $1.41 as investors sought safety in bonds and gold.



Barclays ‘most exposed’ to Brexit fallout

Analysts have warned Barclays is the British bank most exposed in the event of the UK voting to leave the EU. The Daily Telegraph reports Barclays’ share price is highly correlated with moves in sterling, accounting for 80 per cent of the stock’s movement over the past 18 months. Jefferies analyst Joseph Dickerson says: “Barclays […]


PM warns of Brexit threat to pension triple lock

David Cameron says the Government cannot guarantee protections for the state pension in the event of a Brexit. Speaking on the Andrew Marr show this weekend, the Prime Minister said a vote to leave the EU could cause a “black hole” in the public finances, the BBC reports. He warned the triple lock on state […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


News and expert analysis straight to your inbox

Sign up


There are 4 comments at the moment, we would love to hear your opinion too.

  1. Sometimes you need to take a few steps back to move forward.

  2. Vote out and straight to the workhouse I fear.

  3. The latest polls are an attempt by the powers to be to both scare people voting no as a protest vote against all the vested interests telling them to vote yes that they might actually get what they vote for if they do so and motivate the apathetic yesses. Similar tactic worked in last week of Scots referendum and ‘Remain’ won relatively comfortably then. (See also UK general election when polls showing Ed Miliband apparently running neck and neck were released to scare apathetic voters into turning out to ensure that didn’t happen) . ‘Yes/Remain’ will win by at least 10%.

  4. Julian Stevens 16th June 2016 at 8:49 pm

    Google: Brexit The Movie, watch it and form (or confirm) your own opinion.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm