Maintaining a long-term perspective is the key to investment success
As was widely predicted, a vote to leave the EU wiped billions off companies’ share prices. Low interest rates and volatile stock markets are likely to be the order of the day for the foreseeable future, and any rise in interest rates would be good news for savers. However, it’s important to keep this event in context. This is far from the global financial crisis of 2008, but the decision to leave the European Union sparked volatility across asset classes. In terms of specific sectors, banking, airlines and construction experienced the biggest falls in share prices.