View full page at forexfactory.com

 

UK Strikes Are Mere Blip for Traders Betting on Stronger Economy

From bnnbloomberg.ca

A growing chorus of investors are becoming more upbeat on UK assets from the pound to stocks, even as the country is rocked by floods, storms and looming strikes. Goldman Sachs Group Inc. and Bloomberg Economics this week raised their growth projections, offering hope for an economy that spent much of the past year in the grip of recession speculation. In markets, analysts upped their forecasts for sterling and investors recently turned bullish on the currency for the first time in three months. Some are also seeing signs of a turnaround for stocks in stronger numbers from retailers. That’s not to say it’ll be plain ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis