Investing in Britain Plc? It's "not straightforward"
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INVESTING IN BRITAIN PLC? IT'S "NOT STRAIGHTFORWARD"
The market honeymoon with UK assets seems to be over as the upcoming autumn budget has raised jitters over the country's debt-laden economy and possible tax hikes.
Barclays says the case for investing in Britain Plc is still valid but "not straightforward" and suggests investors to keep looking for possible good companies on the UK market.
"The post-election grace period for UK markets is over. Labour approval rating and growth momentum have dropped amid worries about upcoming budget. But it may end up a clearing event, as fiscal drag could even reduce and be offset by deeper BOE cuts," writes the UK bank.
"Given still low valuation/positioning, we see attractive UK opportunities," it concludes.
For more on UK investing, check out this graphic piece : Bullish bets on UK assets take a knock as budget looms
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