Yet another investment bank says ‘buy Britain’

Date:

HSBC analysts have moved UK equities to a recommended ‘overweight’ position.

HSBC has joined the long list of investment banks arguing that British stocks are undervalued.

The bank has raised its view of UK equities to ‘overweight,’ advising its clients to buy ahead of a turnaround.

The investment bank said the long-term selling off of UK equities by pension funds has finally ended because “they simply have no more UK equities left to sell”.

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