A Reuters poll of more than 30 fund managers, brokers and analysts conducted in recent weeks, showed that the investors see the UK stocks to close this year sticking to their current levels.
Key Findings:
“Investors predicted a median gain of 1.5 percent for the FTSE 100 across 2018, to end the year at 7,800 points – which would be 2.2 percent up from Tuesday’s close.
The FTSE 100 is set to lag an expected 5.6 percent gain for the Eurozone’s largest companies this year.
Investors polled by Reuters saw the FTSE 100 rising to 7,900 points by the middle of 2019, after the deadline for Britain’s formal exit from the EU at the end of March.
The index would fall back again to trade at 7,850 points by the end of that year, however, according to the median.
Led higher by gains for its large, dollar-earning constituents, the FTSE 100 has risen around 25 percent since the June 2016 Brexit vote.”
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