Sterling is on the rise again as investors regain optimism there’ll be a Brexit deal. Could another leg up in the currency following a firm accord spur interest in the unloved UK equity market? Being cheap may at last be sufficient reason for investors to buy. Anecdotally, global asset managers gave up on UK shares after the Brexit referendum. But their general aversion to the London market goes back further. Since the financial crisis, there’s been a dash for stocks that promise some kind of growth in a low-growth world.
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