Jan
2025
Reeves speech: “Markets have been largely unfazed so far”
DIY Investor
29 January 2025
Scott Gardner, investment strategist at J.P. Morgan owned digital wealth manager, Nutmeg, said:
“Markets have been largely unfazed so far – with the pound and 10 year gilt yields moving sideways in trading on Wednesday morning.
“While the FTSE 250 – a more representative index of UK plc – has seen a very modest uplift, UK homebuilders and construction firms, which are set to benefit from the cutting of planning red tape, have barely moved. This shows that, while the announcement of new projects is a positive indicator for the economy and demonstrates the Government’s commitment to growth, the markets will measure success on results.”
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