There is no doubt that Britain’s decision to retract from the European Union caused shock waves across global markets, the pound plummeted to its lowest level since 1985 and stock markets across the world saw big initial drops.
We now find ourselves without a functioning Prime Minister or an opposition leader and the realisation of the size of the task in front of us has fuelled market fears leading to extreme volatility and negative sentiment.
These are likely to become permanent features of the market until we get a clearer idea of how things will work out and our new place in the world.
In spite of this, we didn’t see markets fall to the levels we anticipated and since Friday the pound has shown signs of recovery and the FTSE looks as though it has begun to rebound.
In truth, no one knows what will happen next, there is no historical precedent for the situation we find ourselves in.
We are firmly in uncharted territory and while we remain in this period of uncertainty we strongly advocate a cautious approach to managing your financial affairs.
It has never been more important to have access to chartered, independent financial advice. To support you through these uncertain times all of our advisers are available to help you reassess your financial plans.