FTSE 100 Forecast: Brexit Deal Or Not The FTSE Forecast Remains Strong
FTSE 100 Forecast:
“The truth is the majority of our trade takes place with the European Union. And things like our food industry, you can’t export it to Australia — it will go off.”— Labour Shadow Foreign Secretary Emily Thornberry's argument for why Brexit will be devastating to U.K. trade prospects.Summary:
- At close on 31st December the FTSE 100 (^FTSE) stood at 6,728.13 down -12.41% over the past year.
- In a recent publication from the Office of National Statistics the UK gross domestic product (GDP) grew by 0.6% in the past quarter.
- While the FTSE is ultimately tied to the underpinnings of the UK economic performance its short-term performance is very often influenced by political factors such as Brexit and general market scepticism.
- Brexit has dominated politics and had a huge impact on the UK economy including the FTSE.
- Brexit has caused significant changes to the pound sterling, not only from key events but from speculation within financial markets.
Source: maxpixel.net
