Wahed Invest | February UK Market Commentary

Markets continued their strong start to the year on the news of generally positive earnings releases, potential for a trade deal between the U.S. and China, dovish rhetoric by the Federal Reserve, and a potential revote on a Brexit deal

Brexit uncertainty has continued to weigh on business sentiment in the U.K., with many firms citing Brexit as the reason behind weaker demand. PM Theresa May is attempting to obtain some concessions from the EU before attempting another Brexit deal vote this month. If that deal fails, she will have to see whether the U.K. Parliament would accept leaving the EU with no deal. Sterling has strengthened slightly on the possibility of a compromise.

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Author: The Muslim Wealth Portal

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