FTSE keeps making new all time highs… hard to understand vs US stocks which remain discounted …. 🤔
BOE has been significantly increasing UK risk free rate also…One difference between the US and UK systems is that BOE never did very much QE in the first place and perhaps more importantly doesn’t count BOE liabilities to UK banks against the banks regulatory total asset constraints…
May be allowing UK banks to apply higher prices to these financial assets vs. otherwise…
FTSE-100 are foreign earners.
ReplyDeleteIt'll be the weakness of the pound and potential bids for some of the big players (Sainsbury's and Vodafone are in play).
STOXX ready to make new highs too…
ReplyDelete