PRESSEMITTEILUNGEN
Brexit uncertainty looms as UK equities trail other markets
Thursday 10th December '20
Brexit uncertainty and a pervasive second wave have held UK equities back from recovering their losses from earlier in the year. The FTSE 100 Index is still down around 13% year-to-date (in GBP terms) as the end of the Brexit transition period approaches without a clear resolution of issues between the UK and the European Union. Even a weak Sterling – normally favourable for UK exporters – has failed to lift benchmark UK indices this year. In contrast, the Euro Stoxx 50 Index is down around 6% year-to-date (in EUR) while the S&P 500 Index is up over 14% year-to-date (in USD).
Source: Bloomberg, data as of 09 December