Sure, the FTSE 100 has had a good month but investors should not overlook the “sideways crab crawl” the UK stock market has performed over the last two years, writes Laith Khalaf
There's a fair amount of yahoo-ing about the recent rally in the FTSE 100, and I must confess to a few modest and private fist pumps myself. To see UK stocks have such a good month is particularly poignant because performance has been so lacklustre for so long. In the last few weeks record high has followed record high, and UK fund managers must be asking themselves: is this the big change in sentiment we've been waiting for? We've also had a positive economic reading for the first three months of the year. GDP grew at 0.6%, the highest level of growth since 2021, prompting even the ...
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