Company News 

365 days: 3 January 2020

365 days: 3 January 2020

Election bounce

Subsequent decline

The Conservatives’ election victory in December was a boon for sterling. The FTSE 100 also enjoyed a boost – the UK-focused FTSE 250 index more so – buoyed by the prospect of a smoother divorce from the EU, and the fact that various sectors are no longer at risk of nationalisation under Labour rule. But optimism didn’t last long. The pound dropped as the path forward grew murkier, with prime minister Boris Johnson introducing legislation to prevent Brexit negotiations extending beyond 2020. This could, ostensibly, heighten the risk of an abrupt or ‘no deal’ departure.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now