Investor sentiment dampened in August over Boris Johnson ascension – BoI

Bank says saving sentiment improved in the month with favourable economic conditions

Forty per cent of those surveyed felt they were likely to save more as a result of Brexit concern. Photograph: iStock

Forty per cent of those surveyed felt they were likely to save more as a result of Brexit concern. Photograph: iStock

An index tracking investment sentiment has fallen sharply as a result of a collapse in investor confidence around the market outlook following the ascension of Boris Johnson in the UK, according to Bank of Ireland.

Bank of Ireland’s investment index slip from 94 to 88 in August, indicating serious concerns about the UK crashing out of the European Union following the selection of Mr Johnson as Theresa May’s successor as UK prime minister. Almost 40 per cent saw August as a bad time to invest.

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