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Brexit deal and Covid vaccines ‘will give London stock markets a £ 145bn boost’
- Businesses are relieved of Boris Johnson’s agreement with the EU
- The agreement was a ‘double dose of good news’ for the country along with vaccines
- Analysts had been predicting a collapse in stocks if a No Deal had occurred.
Pension funds and investors in London’s stock market are expecting a £ 145bn boost following the Brexit deal, according to a major city firm.
Companies and experts in financial markets welcomed Boris Johnson’s agreement with the European Union with relief.
Analysts at financial data giant Bloomberg said the deal was a “double dose of good news” for the country, as excitement also swept through the market in anticipation that vaccines would start to turn the tide against Covid.
Pension funds and investors in London’s stock market are expecting a £ 145bn boost following the Brexit deal, according to a major city firm.
Analysts said markets may remain subdued for the first six months of next year until the pandemic recedes, but the value of stocks listed on the FTSE should increase by eight percent during 2022 as markets gain confidence.
Companies and experts in financial markets welcomed Boris Johnson’s agreement with the European Union with relief. In the photo, EU chief negotiator Michel Barnier
The same analysts had been predicting a decline in stocks if a No Deal had been declared, even with a pandemic recovery.
Economist and Brexit advocate Gerard Lyons said: “The Brexit deal should be positive for the UK.
“The deal has also alleviated a certain degree of uncertainty that plagued us for a period.”
Lyons said the deal “is not just about leaving the EU, it is about the policies that we implement once we are gone.”
