Why the Election Rally Will Be Shortlived

Editor's Views: A Boris bounce is welcome but may not last, Mark Barnett is given his marching orders by the Edinburgh board and why you shouldn't judge a fund by a year's performance

Holly Black 13 December, 2019 | 10:02AM

editor

The UK stock market has woken up with a spring in its step this morning; it's amazing what a tiny bit of clarity can do. The beleaguered FTSE 250, full of all those unloved domestic-focused British businesses has surged 4.5% already, while more than a dozen stocks on the All Share are sitting at double digit gains. 

If this puts the UK back onto investors' "nice list" in time for Christmas, that's no bad thing, but I suspect today's relief rally may end up being short-lived. After all, we still have a long way to go before Brexit is properly resolved and much is still unclear about Mr Johnson's plans for the next five years. 

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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