1 Jul Telegraph Mike van Dulken, of Accendo Markets, said: “A positive opening call comes as the global post-Brexit vote rally got a shot in the arm via hopes (a borderline confirmation) of more stimulus from the Bank of England this summer to offset the economic impact of uncertainty related to the UK’s referendum result to leave the EU. And…
In early April we wrote about the impressive number of UK 100 stocks trading at all-time highs – a host of opportunities away from the usual suspects (banks, miners, housebuilders) that clients love to trade. While the UK Brexit vote to leave the EU may have seen the UK Index take a big dive and…
One week after the UK made the momentous decision to leave the EU, and it’s fair to say no one could have predicted that the UK 100 , having tanked by 10% last Friday morning, would post a week-long 15% rally. That’s 850 points. One long CFD contract on the UK 100 at £10/point, if…
1 week on from the historic vote, and it’s becoming increasingly clear that the UK’s economy is set to take a hit from the momentous decision to leave the EU. It’s obvious that after 40 years of being inside the world’s largest trading bloc, we’re geared for being there, not outside it. So there will…
Fresnillo (FRES), the safehaven equity play and silver miner, is topping the UK 100 this morning as the UK flagship index tries to close the week on an equally positive note to last Friday’s post-Brexit vote rebound. This as silver outperforms its yellow metal cousin with a breakout amid continued bias for safer assets. The…
If there was one phrase that could be the definition of ‘depressed’, it might easily be ‘UK banking stocks.’ The brokers are eternally hopeful the financial sector can regain its pre-crisis prowess, yet things just keep getting uglier and uglier for the banks. Now we’ve had the Brexit vote, what have the brokers got to hang on to?…