The effectiveness of unorthodox monetary policy is waning in the UK
The casual observer will have noted a pick-up in the already elevated level of 'noise' in the City pages. Cyclical or value companies, including builders for example, are sensitive to levels of economic activity in the economy which, post-Brexit, is harder to forecast.
Consequently, such businesses remain high risk, especially in the knowledge they have prospered from a six-year bull market buoyed by extremely relaxed monetary policies. Such companies are best left to...
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