We held a client seminar on the economic impact of Brexit in June 2015 – as always at LSR we like to be well ahead of the curve! As we stated then, the longer-term implications of a vote to leave are likely to be small in either direction. However, since the middle of last year our concerns about the immediate impact of the referendum have been amplified by the declining household savings rate. With consumer demand closer to the end of its own cycle any investment disruption will be keenly felt.
To what extent sterling will continue to fall and more importantly, how does Brexit impact on the euro area? Click below to find out more and why we think Brexit should not be seen as a UK-specific risk.