Two years on from the Brexit vote, the gap in performance between internationally and domestically focused UK-listed stocks is at a record high as the weak pound takes effect.
Research from KPMG revealed that indices of 50 FTSE firms that derive more than 70% of their income from abroad had gained 35% since the vote.
However, indices of the largest FTSE companies that derive more than 70% of their revenues from the UK was 4% below the level it was at two years ago.
According to KPMG, the main contributor to the difference in performance has been the pound’s exchange rate, which in trade weighted terms is down 11% since the referendum.
Furthermore, when adjusted to remove the impact of the pound, the performance of both indices has been poor, with both of them underperforming in comparison to the FTSE all world, an indices of international stocks, in dollar terms.
Latest News
-
One in four IFAs looking to introduce AI in 2025, study finds
-
British Business Investments provides £20m facility to Sprk Capital
-
Share of incorporated portfolios more than doubles since 2020
-
Average two and five-year fixed rates drop at start of 2025
-
Mortgage Advice Bureau takes stake in Dashly
-
Housing market is ‘turning’ despite negative prices, e.surv states
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories