Brexit, Labour popularity & late-cycle valuations: Reasons to be cautious on UK equities

Brexit, Labour popularity & late-cycle valuations: Reasons to be cautious on UK equities

Following a 12-month period of strong returns, the UK equity market has largely moved sideways over the past six months, despite corporate earnings growth remaining robust and valuations – at this point 15x forecast earnings – not being as steep as they have been in the recent past.

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