The British pound decreased against the dollar and euro on January 11. This news came in the middle of a deteriorating outlook for the UK economy as the coronavirus pandemic continues and the Brexit deal is finalized. British Pound Plummets This report came as a poll of polls suggested UK business output continued to decrease in December 2020, usually a busier season for … [Read more...] about British Pounds Underperformed in the Stock Market as Brexit and COVID-19 Lockdown Take its Toll
Financial Markets
European Stocks Struggling to Recover, New COVID-19 Strain Raises Concerns
The European shares are attempting to recover after a sell-off that happened in the previous session. Luckily, on January 5, 2021, the shares closed higher despite a new coronavirus strain spreading in the United Kingdom. Stock Markets Continue to Struggle The pan-European Stoxx 600 closed 1.3% higher for the meantime, with DAX from Germany and CAC from France indexes … [Read more...] about European Stocks Struggling to Recover, New COVID-19 Strain Raises Concerns
The ‘End’ of the Brexit Saga Triggers Recovery for the World’s Most Unpopular Stock Market
After lagging behind its peers since the Brexit referendum in 2016, the unpopular UK stocks emerge from the shadows and start to look up, following forecasts to shine in the coming year. Britain has lagged in performance both in local currency and dollar terms among the major equity markets for the past couple of years. Investors have steered clear of the UK shares, leaving … [Read more...] about The ‘End’ of the Brexit Saga Triggers Recovery for the World’s Most Unpopular Stock Market
Post-Brexit UK Economy Set to Overtake France Economy by 23% in 2035, Experts Say
The UK economy is all set to retain its status as the world's fifth-biggest in 2021 and overtake its biggest competitor, France, by 23% within 15 years, experts predicted. According to the newest long-range forecast from the Center for Economics and Business Research (CEBR), the British economy will stay close to the top of the global growth league tables and well ahead of … [Read more...] about Post-Brexit UK Economy Set to Overtake France Economy by 23% in 2035, Experts Say