Global stock markets have ended 2017 on record highs, gaining $9tn (£6.7tn) in value over the year due to a strong worldwide economy, President Donald Trump’s tax cuts and central banks’ go-slow approach to easing financial support.
The inconclusive outcome of Britain’s snap election will complicate and probably delay Brexit negotiations that were due to start next week, a leading credit rating agency has warned.
Shares in Britain’s biggest companies reached record levels on Friday as a slump in the pound boosted the value of firms with overseas earnings.
The Bank of England has held interest rates at their record low amid signs of an internal split emerging about how to tackle rising inflation.
The fall in sterling following the Brexit vote helped British business shake off a period of uncertainty to end 2016 on a high note as companies reported increases in export sales and orders.
Uncertainty over the outlook for the UK economy after the Brexit vote in June has sent the pound plummeting to levels not seen since the 1980s.
When Canadian Mark Carney accepted the job as Bank of England governor in 2012, he said he was honoured to accept the “important and demanding role”. It is doubtful he could have foreseen, however, quite how demanding it would turn out to be.
Global stock markets have ended 2017 on record highs, gaining $9tn (£6.7tn) in value over the year due to a strong worldwide economy, President Donald Trump’s tax cuts and central banks’ go-slow approach to easing financial support.
The inconclusive outcome of Britain’s snap election will complicate and probably delay Brexit negotiations that were due to start next week, a leading credit rating agency has warned.
Shares in Britain’s biggest companies reached record levels on Friday as a slump in the pound boosted the value of firms with overseas earnings.
