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Certainly, both the economic and political picture between the UK and Europe diverged to the benefit of sterling. The major UK stock market, the FTSE 100, hit a record high in May.
New Year’s Day 2025 Is the US Stock Market open or closed on January 1, 2025? Today News The major UK stock market, the FTSE 100, hit a record high in May. Gains petered off over the rest of 2024 but the index closed at 8,445, nearly 6% higher than at the end of 2023. Capital Economics, which has a year-end 2025 forecast of 9,000 for the FTSE 100 index, said this was one of the reasons why it thinks that UK equities will perform quite well compared to those elsewhere, even as they fall further behind those.
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