Forecast came true

U.K. about to lose its safe-haven status
26 february 2015

New government won’t be stable, and investors won’t like that

AFP/Getty Images

The Bank of England

Nobody unfurled any bunting in the City of London, and the sound of champagne corks popping was not exactly deafening. But on Monday morning, the U.K.’s long bear market quietly came to a close, as the benchmark FTSE-100 index UKX, +0.02% crawled up to 6,943, overtaking the previous all-time high set all the way back on Dec. 31, 1999.

After 15 years, the UK stock market was finally back in positive territory.

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U.K. about to lose its safe-haven status

6 people
1 person

Forecast came true

New government won’t be stable