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JPMorgan turns bullish on UK stocks for the first time since the Brexit vote
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LONDON — JPMorgan has upgraded U.K. stocks to «overweight,» ending years of caution on British equity markets which the bank said are now trading at a «record discount.»
The Wall Street giant had held a longstanding cautious call on U.K. equities since the Brexit referendum in 2016, before moving to «neutral» in July 2020 after a particularly dire spell for U.K. stocks and after the worst of the coronavirus pandemic.
With U.K. equities having delivered a more range-bound performance against
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