The UK market has been unloved for some time, suffering through Brexit, the coronavirus pandemic, and serious concerns about the competitiveness of its stock exchange.
Now, things might be about to change, or at least UBS thinks so.
Last month, the Swiss bank shifted its rating from “least” to “most” preferred for UK equities; a radical upgrade for its outlook for British stocks.
Dean Turner, economist at UBS, said despite the general malaise for London-listed stocks that “the conditions are falling into place for the UK to turn this narrative around“, leaving room for a “consumer-led recovery amid a resilient labour market”.
Over recent years, UK markets have suffered from a rise in the popularity of…
