We don't need to tell you that the results of the General Election were always going to be hard for Fund Managers to predict, but waking up this morning it appears the exit polls were accurate this time.
Following the exit poll the pound fell from US$1.295 to $1.275 and broadly remained at that level this morning. The FTSE has remained stable so far, enjoying a small boost corresponding with the fall in sterling.
As always in turbulent times there are opportunities. Our investment panel fund managers choose a range of assets to minimise losses and maximise returns. A risk rated portfolio designed to meet your investment objectives is for the long term, so it's business as usual, but do not hesitate to contact us if you have any concerns.
With Brexit negotiations due to start, the government could possibly argue that the appetite for a "hard Brexit" is diminished. This could be a reason why the stock market has not reacted more negatively.
"The priority must be for politicians to get their house in order and form a functioning government, reassure the markets and protect our resilient economy" (CBI director general Carolyn Fairbairn)