Goldman Sachs sees space for UK retail stocks rebound

Analysts at Goldman Sachs said in a note Monday that they see space for UK consumer-exposed sectors to pick up.

Firstly, Goldman Sachs believes an improvement in expectations on future financial conditions and consumer confidence, supported by rising house prices in May, should support Retailers. They note that both factors have risen steadily since late 2022. Finally, the analysts state that after recent Pound strengthening, Retailers have space to rise somewhat, although, going forward they don't see the GBP rate as a large driver as the bank's FX strategists are flat in their 12 month forecast at 1.28.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

These are Goldman Sachs' favorite stocks with 50% or more upsideStocks have been on a tear. But the investment bank has still given some of its favorite stocks more than 50% potential upside, and one more than 100%.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Goldman Sachs and American Express are the leading companies for working parents in 2024For some it can be challenging to juggle raising a family while also working full time. Just Capital identified the top five companies for parents in 2024.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »