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|Comment on EU referendum result from Benson Hersch, Association of Short Term Lenders|
|Friday, 24 June 2016|
Benson Hersch, Association of Short Term Lenders CEO, says “I believe that much of the result represents a protest vote against the establishment, including both major political parties. Clearly, many people feel disenfranchised and left out.
“Economically, whatever the truth of the pre-vote alarmism, there will be a prolonged period of uncertainty ahead. This is not what markets want. I foresee sporadic fluctuations in currency and share pricing. Brexit may well help the upper-level property market, especially as foreigners seize the chance to buy at more advantageous exchange rates. On the other hand, economic uncertainty could inhibit price rises in the mainstream market.”
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