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Brexit deal and Covid vaccines "set to give London stock markets a £ 145 billion boost"


Brexit deal and Covid vaccines "set to give London stock markets a £ 145 billion boost"

  • Companies have welcomed Boris Johnson's agreement with the EU with relief
  • The deal was "a double dose of good news" for the country along with vaccines
  • Analysts had predicted a crash in stocks if a no deal had taken place

According to the top city company, pension funds and investors on the London Stock Exchange expect an upswing of GBP 145 billion after the Brexit agreement.

Business and financial market experts welcomed Boris Johnson's agreement with the European Union with relief.

Analysts at financial data giant Bloomberg said the deal was "a double dose of good news" for the country as the excitement also swept the market over expectations that vaccines would turn the tide on Covid.

According to the top city company, pension funds and investors on the London Stock Exchange expect an upswing of GBP 145 billion after the Brexit agreement

Analysts said markets may remain sluggish for the first six months of next year until the pandemic subsides, but the value of stocks listed on the FTSE should rise eight percent in 2022 as markets regain confidence.

Business and financial market experts welcomed Boris Johnson's agreement with the European Union with relief. The EU chief negotiator, Michel Barnier, is pictured

Business and financial market experts welcomed Boris Johnson's agreement with the European Union with relief. The EU chief negotiator, Michel Barnier, is pictured

The same analysts had predicted stocks would crash if a no deal had been declared, even if the pandemic rebounded.

Economist and Brexit proponent Gerard Lyons said: “The Brexit deal should be positive for the UK.

"The deal also removed some of the uncertainty that had struck us for a while."

Mr Lyons said it was not just about leaving the EU, but about the policies that we will implement after we leave.

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