LONDON - Britain’s trade agreement with the European Union removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements in place, but it will take UK financial markets years to lose their Brexit-inflicted scars.
So Thursday’s deal, seven days before the deadline, is an undoubted relief. Analysts are urging clients to snap up undervalued UK stocks, the worst performing of any major market since 2016 and many say they been buying sterling, which is near 2-1/2-year highs above $1.36.. While the news could lend some traction to British markets it would not protect the economy from long-term scarring, inflicted by a combination of Brexit and COVID-19, she said.
The underperformance is largely driven by foreign investors dumping UK assets. Financial data provider eVestment estimates European and U.S.-domiciled investors have pulled more money than they have added into UK stocks almost every quarter between the referendum and the third 2020 quarter.
ScoPoliticsNews 'sparks relief'! For whom?
Only fir a few years and then increased trade
The ultranationalists have just successfully marginalized the U.K.'s position in the international trade arena.
Butt hurt the two lads below me
Sure about that?
Whatevs Can I borrow your 🔮
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Who gives a crap, dumbasses were tricked when voting for Brexit should have never went through
I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. lisaMakT.
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The UK and EU finally strike a Brexit trade deal - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Wooowwwww good luck One thing about the White Western First World, they will posture and bark at each other like dogs from morning till night but in the end they have each others back! The White Western First World Order must be maintained. They will join forces to beat bejesus out of brown people.
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