UK economy to slow in 2017 despite record FTSE 100 levels

Global EMs biggest turnaround story in 2016

The UK will see a slowing economy in 2017 as uncertainty around Brexit continues to knock business and consumer confidence and the depreciation in sterling forces inflation up, according to Wealth Club's Ben Yearsley.

Despite a boost in the value of FTSE 100 company earnings due to the fall in sterling following the result of the EU referendum, the uncertainty around upcoming Brexit plans is likely to lead to an economic slowdown in the UK this year.  Sterling's 19.4% fall against the US dollar last year helped push the UK's leading blue-chip index to record highs, ending the year 14.4% higher. But investment service provider Wealth Club warns the continued depreciation in the UK's currency will start pushing up the costs of imported goods, and therefore forcing inflation higher. Yearsley (pictured...