RE: Hip hip27 Dec 2020 15:46
Hi and merry Christmas and a happy new year terrace and everyone here,I really hope builder sp's keep going up from Tuesday but have a feeling Brexit deal effect is already priced in also since "Paul Dales, chief UK economist at Capital Economics, said that since markets have largely been expecting a deal for some weeks, there is limited scope for more Brexit-related gains in the coming days and weeks.
"Instead, it is the prospect of an eventual decent UK and global economic recovery from the Covid-19 crisis that explains why we think the pound will rise to $1.40 in 2021 and the FTSE 100 will climb to 7,500," he said."Builder sp's started going up last Monday in anticipation of a deal being down,I am trying to remember how they reacted to Brexit deal announcement last October I remember they started going up as soon as Irish prime minister said a deal was imminent but went up more after Boris winning election.