As European equities are roiled by President-elect Donald Trump’s trade threats, there’s one corner of the market that looks relatively insulated — Britain.
That hasn’t gone unnoticed, with several strategists advising clients to load up on UK shares. Since the Nov. 5 US election, London has fared better than mainland European bourses, which are seen as more exposed to Trump’s pledges to hike tariffs on trade partners. As a result, the Euro Stoxx 50 share index has fallen 4.5% this quarter, while Britain’s FTSE 100 and FTSE 250 gauges are down 1.5%.
