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|Commment of the referendum result - Richard Pike, Phoebus Software|
|Friday, 24 June 2016|
Richard Pike, sales and marketing director at Phoebus Software, said: “This is a win that was won on non-economic campaigning grounds, we all have to now live with any positive or negative consequences that may occur. David Cameron’s resignation will add significantly to the sense of uncertainty and it will not deliver the stability that the Prime Minister said that he wanted to achieve whatever the outcome. Many predicted the fall in the pound, but not the levels that it would fall to. The FTSE is now in serious decline.
"The housing market in general shouldn’t be too affected immediately but it will be interesting to see what happens with the upper-level property market and whether foreigners seize the chance to buy at more advantageous exchange rates or potential buyers will be put off by the new perception of the UK as a standalone state?”
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