UK Stocks Best Performing in January

The start of the year was characterised by significant losses across global equity markets, but UK stocks managed to be the best of a bad bunch

Andy Brunner 8 February, 2016 | 11:27AM

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Of the major currencies sterling stood out once again in January as it continued its relapse with the Bank of England’s broad effective exchange falling 3.5% over the month. It hit a near seven year low against the dollar reaching £/$1.408 before rallying modestly into month end, albeit still down 3.3%. Additionally, at one stage sterling had dropped by nearly 7% against the yen.

That sterling has continued to decline so substantially, even as further easing was announced by the Bank of Japan, and is expected from the European Central Bank and while the Fed looks set to delay rate rises amidst slowing growth, is testament to the current sentiment towards sterling.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC202.81 GBX-1.53
GlaxoSmithKline PLC1,367.80 GBX-0.90
Unilever PLC4,778.00 GBX-1.20

About Author

Andy Brunner

Andy Brunner  is Head of Investment Strategy, Morningstar UK

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