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Currencies

The problem with the UK’s economic recovery

Markets have been too negative on global economic prospects but the UK could be a laggard when it comes to a recovery, economists and investors have suggested.Steven Bell, chief economist at Columbia Threadneedle, said consumer confidence had been very low in Europe and the UK due to concerns about the impact of higher energy costs, but could rise over the year - albeit more swiftly on the continent than in the domestic UK market.According to Bell, energy subsidies mean the issue has not had as profoundly negative an impact as originally feared. Therefore,...
Economy

What next for UK equities?

Actively managed equity funds failed to perform relative to passive mandates in 2022 according to Morningstar, but the tide could be about to turn, according to that company’s European chief investment officer Mike Coop.Coop says 2022 was driven by two "generational events", the first being the end of the low interest rates era when Russia invaded Ukraine, and the second being the end of the innovation bubble in investment markets.But while he feels those are events of unusual significance in investment markets, he feels investors can learn lessons from recent history. He...