The outlook for the UK economy has turned south so fast that the Bank of England has just cut interest rates and predicted we’ll only just escape recession. So why is the FTSE 100 soaring?
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VIDEO: One Fool gazes up at the soaring value of the FTSE 100 (INDEXFTSE: UKX).
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RISK WARNING: should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Where we promote an affiliate partnerâs brokerage products, these are focused on the trading of readily releasable securities.
The outlook for the UK economy has turned south so fast that the Bank of England has just cut interest rates and predicted we’ll only just escape recession. So why is the FTSE 100 soaring?